Euro Inflation Tomorrow And Could Trigger Euro Weakness

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Whilst I think tomorrow’s UK unemployment figures will be important, I think it is unlikely they are going to cause any significant sterling movement  as I expect them to come in on forecast.  For me the more important news will be the European inflation data out at 10.00 am as this is likely to be a huge driver for what the ECB may do in the coming weeks.  If inflation comes in on the low side then it could be the catalyst for ECB intervention to prevent the risk of disinflation turning into deflation.  Any move by the ECB to try and combat this could result in Euro weakness- just look at what Quantitative Easing did to the value of the pound over the last few years.  If you are buying or selling Euros then keep a close eye on this tomorrow and be ready to move very quickly as a result.  If you would like help with a currency transfer please feel free to email Colm at [email protected] and I would be happy to help.