Euro exchange rates at 2 month high against the pound (Mike Vaughan)

The Euro again has made inroads against the pound this week shifting at its low point to 1.1650 yesterday. Today we have very little data from the UK but watch out for unemployment figures from Germany and Euro zone business confidence figures at 08:55 and 10:00 respectively. Unemployment figures from Germany are expected to remain at 6.9% but business confidence is expected to show a slight improvement which could lend further support to the Euro.

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