The euro strengthened against both the pound and the dollar yesterday following data that confirmed the Eurozone economy returned to growth in the second quarter.
The Eurozone quarterly economic growth was revised higher to 2.2% in the second quarter of this year, a solid rebound following two consecutive periods of contraction. This was due to the reopening of Europe’s economies and vaccination programmes gaining pace.
Also, the data showed that the number of people in employment in the eurozone rose 0.7% in the second quarter.
