Europe’s slow vaccine rollout continues to weigh the euro down against sterling. The euro strengthened against the dollar yesterday and is still fairly strong this morning.
Inflation rate figures for the Eurozone were released yesterday, coming in at 0.9% year-on-year in January. This was the highest since February last year, boosted mainly by a jump in cost for services and non-energy industrial goods. Inflation increased 0.2% month-on-month in January.
Today is a light day for Eurozone data, but tomorrow we will see economic, industrial and services sentiment figures.
