The euro is weak against the dollar and the pound this morning, as Europe’s slow vaccine progress continues to weigh on the single currency.
It’s thought that the temporary ban of the AstraZeneca vaccine in some European countries has damaged public confidence and will extend delays in administration. The European Medicines Agency cleared the vaccine for use last week, however.
Disputes between the EU and the UK surrounding vaccine supply continues, with European Commission President Ursula von der Leyen saying that the EU is still waiting for vaccine exports from the UK. The Prime Minister is due to have a phone call with his EU counterparts this week on the matter.
PMI data will be released for the Eurozone this week and the EU economic summit will take place on Thursday.
