Pound sterling has been experiencing a particularly difficult week as worries over Brexit were fuelled by Trade Secretary Liam Fox and Bank of England governor Mark Carney suggesting a ‘no deal’ is more likely than perhaps people had expected. This gave the euro the upper-hand for most of the week, but this was not down to an inherent strength, which was proven later in the week when the pound made a 0.4% come back. 

Signs of a Eurozone economic slow-down this week are a stark contrast to the bullish antics of the US dollar and are making the euro somewhat sluggish. Disappointing figures from German Factory Goods are a clear sign that tariffs put on the rest of the world by the US are taking effect and with Germany accounting for nearly a third of Eurozone GDP, it’s a troubled sign for the euro.