The euro is still stronger against the pound and the dollar this morning following the high Eurozone inflation reading, which came in at 3% earlier this week.
European Central Bank officials have been commenting following the reading. Bundesbank President Jens Weidmann said that “If these temporary factors lead to higher inflation expectations and accelerated wage growth, the inflation rate can rise noticeably in the longer term.”
He also noted that the ECB will need to start preparing for the end of its Pandemic Emergency Purchase Programme.
It’s a light day for data in the Eurozone, however, PMI figures and retail sales data will be released tomorrow.
