With so much focus on GBP/USD of late it feels as though we have effectively ignored the movements of GBP/EUR.
However the truth is that very little has happened - GBP/EUR has been firmly range bound between 1.1700 and 1.1900.
Traders are now looking at this weeks data releases for some clues as to the direction that GBP/EUR may take in the coming few months:
Today – No market-moving data is scheduled for the UK or Eurozone
Tuesday – UK Public Sector Net Borrowing;
Wednesday – Bank of England monthly policy meeting minutes; British Mortgage Approvals; German 10-Year Bund Auction; EU Consumer Confidence;
Thursday – Bank of England’s Governor Carney speech; EU Council Meeting; German PMI data; EU PMI data;
- Friday – British GDP; EU Council Meeting; German Expectations; Current Assessment;
Posted in Daily Market News on May 30 2014