This morning’s German Import and Retail Sales figures both exceeded expectations, indicating some resilience in Europe’s largest economy. However, the upbeat data failed to lift the euro, which continues to struggle for traction amid broader market caution.
Focus Shifts to UK Consumer Lending Data
Next on the schedule is the UK’s Consumer Lending report, which includes figures on mortgage approvals, household lending, and consumer credit. These indicators will offer a snapshot of domestic demand and borrowing trends heading into Q2.
German Inflation in Focus This Afternoon
Later in the day, attention will turn back to Germany with the release of CPI inflation data—an important reading ahead of the upcoming ECB policy discussions. A higher-than-expected print could revive euro support, while a soft number may add further pressure.
Stay Ahead of Market Shifts
With key data influencing currency movements, now is the time to stay proactive. Speak to a QuMoney specialist for bespoke insights and risk management strategies to support your international transactions.