A busy week for the Euro rate continues with Eurozone GDP figures at 1000 GMT. Expectations are for 0.3% growth for the final revision of Q4 2010 but should these figures come in worse than expected, we may see a knock on effect on the ECB Interest Rate decision tomorrow.
Yesterday Retail Sales and Eurozone PMI came out worse than expected which coupled with stronger than expected UK PMI helped the Pound to climb over a cent against the Euro.
Expectations are very high for a Eurozone rate hike so should the ECB not go ahead with this, I would expect Euro weakness. This decision will be key to movements for the next few weeks and will be covered by us here at ERF. If you have upcoming requirements why not fill in the contact form and we can make a call to you so you benefit from the volatility not suffer.
With so much activity on the Euro rate this week why not speak to us about your currency requirements? We are specialist currency brokers who write the blog for information for our clients and members of the public. Exchange rates move every few seconds and the key to maximising your deals is keeping your finger on the pulse. Fill in the contact form and let us be your eyes and ears on the market.