EUR
In the Eurozone yesterday, Markit Purchasing Managers’ Indices (PMIs), based on surveys of firms around Europe, showed a mixed bag but on the whole indicated strong growth across the continent. Manufacturing data was stronger than expected whilst the services sector showed a slight weakening. However, the fact remains that all indices sit above the 50 mark, providing a backbone for Draghi’s tapering plans.
The Euro strengthened against the Pound yesterday in light of this data, driving the pair to levels of 1.1150. Against the Dollar, however, the currency pair did not show much movement, hovering around 1.1765 across the day as data for the Dollar held any gains made by the Euro.
Today, German IFO business confidence is expected whereby the sentiment indicator is anticipated to rise slightly for October from 115.2 for September. |
Deixe um comentário