The latest economic news has shown UK Manufacturing improving but there is still scope for some negative headlines and bad data as a result of the weather. If you are buying Euros you remain at very close to a one year high and I think this still represents an excellent opportunity to buy the single currency. If you are looking for a little more then it is worth holding on to see what happens this Thursday as the ECB (European Central Bank) meeting takes place. There is scope for the ECB to say something regarding their Inflation situation which whilst improved is still a concern.
I very much doubt a change in policy but there is a strong likelihood of some nods to the situation and I am sure the ECB will be watching future Inflation releases very carefully, linking possible changes in policy to this release.
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