The euro is weaker against the pound and still strong against the dollar this morning. Dollar weakness and an outperformance of European stocks has caused the euro to strengthen against the dollar.
Eurozone finance ministers are likely to push ahead today with changes to their European Stability Mechanism fund to strengthen the economic resilience of the euro area as the COVID-19 pandemic weighs on the economy.
President of the ECB, Christine Lagarde, will speak today ahead of the Eurogroup video conference later. It’s a busy week of data for the Eurozone, with PMI and inflation rate figures tomorrow and retail sales data on Thursday.
