Exchange Rates wait for Eurozone Data (Tom Holian)

GBPEUR Rejected by 1.17 Price Level Again

There are a couple of large announcements for the Eurozone tomorrow including German Retail Sales and the Consumer Price Index.

The most important of the two data releases will be the CPI data due out at 10am as this measures Eurozone inflation and will have an effect on what happens at next month’s ECB interest rate meeting.

The chances are that if the data is low we could see a big weakening of the single currency as it shows what the ECB have done so far has not worked.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]