The euro is weaker against the pound this morning and steady against the dollar. After disappointing retail sales data for Germany on Tuesday, retail sales figures will be released for the Eurozone later today. They are expected to show a slight drop in January, possibly due to a post-Christmas slump.
Eurozone bond yields rose yesterday amid conversations about whether the European Central Bank should try to curb their increase. Long-term Eurozone inflation expectations subsequently rose to their highest since 2019. However, ECB officials have said that no drastic action is needed and the risk to the economy is manageable via verbal interventions.
