After a strong April, the euro is slightly weaker against the pound and the dollar this morning.
Services and composite PMI data was released for both the Eurozone and Germany this morning. The Eurozone figures came in better-than-expected, whilst Germany’s were slightly worse due to ongoing lockdown restrictions.
The ECB’s Chief Economist, Philip Lane, will speak later today and markets will be looking out for any comments on economic recovery in Europe.
Lockdown restrictions have begun to be eased in several European countries, including France, Italy and Spain. However, curfews remain in Italy and France, as well as other restrictions.
