Tomorrow Gross Domestic Product data for the Eurozone will be released in the morning. Over the last few months there has been a significant amount of positive news for the Euro and I think this trend could continue. The GBP/EUR rate has been falling and there could be further pressure put onto Sterling tomorrow if Eurozone GDP data is positive.
Furthermore, on Thursday the European Central Bank (ECB) will reveal their latest interest decision. ECB President Mario Draghi is likely to report that there will be no changes to the Interest Rate, however he could provide information as to the future planes. Mr Draghi will complete a question and answer session after the announcement. Depending on what is said there can often be direct correlation to the movements in the market.
The Eurozone is unlikely to have too much of an effect in the next few days as there is so much that could change in the UK. The result of the Election will be revealed on Friday, it is still most likely for a conservative win however the race is a lot closer than expected. If there was to be anything other than a Conservative majority then the markets could seriously move, with some major organisations predicting a fall below the 1.10 level.