Will the ECB Meeting yield any new information?

GBP/EUR exchange rates creep up over the course of the trading week

Italy is back in recession and German Factory Orders suffered a surprise contraction this week as Eurozone economic data continues to raise doubts over the extent to which the recent far reaching measures announced by Mario Draghi and co have been successful. Inflation fell to 0.4% last week although Unemployment did show a slightly fall too, effectively cancelling out each other.

The likelihood is that Mario Draghi will be questioned on these topics and I feel there could be scope for further Euro weakness. If you have a currency transaction to make this could be the time you will see some movement on the exchange rates.

If you need to make a currency exchange why not get in touch with me to have a chat and find out more information on what to expect from the market? Please email me Jonathan on jmw@currencies.co.uk