So far this week we have still seen GBP/EUR exchange rates remain in the same range of 1.12 – 1.13 with no major threat of breaking out.
Tomorrow we have a number of releases that do have the potential to change that, all from the Eurozone.
European Central Bank president Mario Draghi is due to speak tomorrow morning at 08:00am and ECB member Praet is due to follow up with a speech at 08:45am. Any comments from either member that hint towards any fuiscal changes in the coming days, weeks or month could lead to volatility for Euro exchange rates.
Later in the morning we have industrial production figures, employment change and the ECB vice president Vitor Constancio and any one of these three have the potential to move the markets, industrial production figures are due to have come down a little which may weaken the Euro, employment change is also expected to have fallen too so we may see a little weakness for the Euro in the morning should these expectations be correct.
Towards the end of the trading week on Friday we have Consumer Price Index or CPI figures due out from the Eurozone and this might lead to a volatile finish to the week for Euro exchange rates in what looks on paper like a reasonably quiet week for economic data releases, key speeches and Brexit based news.
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