The euro is weaker against the pound and the dollar this morning, mainly due to dollar and sterling strength.
President of the European Central Bank, Christine Lagarde, made a speech this morning before the Committee on Economic and Monetary Affairs of the European Parliament.
She said that “the risks surrounding the euro area growth outlook over the medium term have become more balanced,” and added that vaccine rollouts, as well as easing restrictions, underpin expectations for an economic rebound later this year.
Later today, balance of trade and wage growth figures will be released for the Eurozone.
