Euro under the spotlight with key economic updates due this week

7 January 2025

Weekly Market Headlines:

• Eurozone inflation data is due to be published tomorrow morning, which will give a steer on the European Central Bank’s interest rate plans for 2025. The ECB cut rates three times last year in an attempt to halt inflation so tomorrow’s news is important for euro sellers and buyers.
• In addition to the above, EU consumer confidence data as well as German retail sales figures are set to be released on Wednesday. Both releases are likely to impact the euro’s value.
• Finally, across the Atlantic, on Wednesday evening the Federal Open Market Committee, who determine the direction of monetary policy for the US, will release the minutes from their most recent meeting, which was the last before President Trump takes office. Given the impact Trump’s election win had on global currency markets, this report will make interesting reading for anybody with currency requirements.

Our team of currency specialists are available as always to help you understand how the above could impact you and what options you have available to maximise your budgets and minimise your losses.