The Euro/Pound pairing has been feeling the pressure this week, particularly in the wake of the Bank of England’s policy meeting minutes. As the European session began the Euro was trading around the 86 pence per Euro level after hitting highs of 87.10 earlier in the week.
With pertinent global economic news thin on the ground today the outlook for the pairing is fairly neutral as we head into the weekend, although UK public finance figures could inspire some movement.
The Euro/Pound pairing is currently trading in the region of 0.8623
Earlier this morning official data compiled by Destatis showed that Germany’s producer price index unexpectedly stagnated in June, coming in at a seasonally adjusted annual rate of 0.0 per cent rather than falling the 0.1 per cent expected.
Although Moody’s rating agency upgraded the US outlook from negative to stable, the Euro continues to trade above 1.31 against the US Dollar.
Against the Yen the Euro was little changed, despite the safe-haven currency strengthening as Asian stocks declined ahead of next week’s Japanese upper-house parliamentary elections.
Influential Eurozone news to watch out for next week includes consumer confidence figures for the 17-nation currency bloc, German PMI, Eurozone PMI and the German business climate survey.
Euro (EUR) Exchange Rates
As of 09:00
The Euro/US Dollar Exchange Rate is currently in the region of: 1.3131 >
The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8623 >
The Euro/Australian Dollar Exchange Rate is currently in the region of: 1.4315 >
The Euro/ New Zealand Dollar Exchange Rate is currently in the region of: 1.6582 <
The Euro/ Canadian Dollar Exchange Rate is currently in the region of: 1.3616 >