The Euro has started this morning on the backfoot against it’s major currency pairs, as The Eurozone’s Consumer Confidence for July narrowly beat expectations to rise from -14.0 to -13.0. 

ECB held rates at bay yesterday which did contribute to a slight EUR gain until their press conference. In the press conference we could hear from President Christine Lagarde that

Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A

GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the

The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell

Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not