German Inflation Does Little To Ease Euro Worries (Colm Gilhooly)

German inflation today came in as expected at pretty disappointing levels.  Unemployment rates remained unchanged.  Usually German data would tend to be slightly better than the wider EU combined figures on average so it is a concern for tomorrow EU inflation release.  Low inflation has been one of the big concerns for the ECB so a poor showing tomorrow could heap pressure on the single currency in advance of next week’s ECB interest rate meeting.

If you are buying or selling Euros then be ready to move quickly tomorrow as I suspect there could be a lot of volatility on exchange rates.  If you would like help with a currency transfer, or want to find out more about our excellent exchange rates, then feel free to email Colm at cmg@currencies.co.uk and I would be more than happy to help.