The inflation data on Wednesday 17th, is one of if not the most important release of the month for the EU. With inflation falling and the European central bank hinting that another round of QE (quantitative easing) could materalise, this is worrying times for clients that are selling euros to buy pounds. If inflation falls further all eyes will turn to the interest rate decision and monetary policy statement on the 25th July. Furthermore, we know that President Mario Draghi’s tenure is coming to an end so it’s unlikely he will want to make major changes however ECB (European Central Bank) members may force him to do so.
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