Eurozone data trickles out some improvements

7 April, 2014

Paul Newfield

Last week was overall fairly positive for the Pound. On Friday we saw non-farm payrolls in the US come in below previous and under expectation; the result of which was Sterling climbs against both the Dollar and the Euro – further exacerbated by the worse than expected unemployment rate Stateside.

To recap, other major releases last week included Euro-zone inflation dropped year on year from 1% to 0.8%, raising concerns over a deflation scenario and European leaders signed off the next €8.3bn tranche of Greece’s bailout.

This morning we have already seen German industrial data and Swiss inflation levels improve from the previous and come in above expectation which has already seen small Euro gains against the Pound and the Dollar

This week we have the following major data releases:


BoJ interest rate decision & monetary policy statement and press conference

UK industrial and manufacturing production and GDP Estimate


Trade balance and goods data from Germany and the UK

Federal Open Market Minutes from the US


Australian employment/unemployment figures

ECB monthly report

BoE interest rate decision

BoJ monetary policy meeting minutes


Chinese, US and German Inflation figures

So, a fairly busy week worldwide, data wise. Not very much data released US wise so the main focus will be seeing how the battle between the Pound and the single currency perform against each other. With this in mind it is advised to stay in close contact with your Currency Index account manager to avoid missing out on the perfect time to trade.