The euro strengthened slightly against both the pound and the dollar ahead of a busy morning for European data.
German factory order data was released earlier, showing that new orders jumped 3% in March, beating market expectations of 1.7%.
In his speech yesterday, the ECB’s Chief Economist, Philip Lane, played down inflation pressures and said that the recent surge won’t last in the Eurozone.
Later today, retail sales will be released for the Eurozone, which are expected to have grown both month-on-month and year-on-year in March. Two ECB officials will also speak.
