The euro was stronger against the pound and weaker against the dollar yesterday, reaching its lowest level since November 2020.
Several European Central Bank officials gave speeches yesterday, including President Christine Lagarde. She said that “monetary policy must remain focused on steering the economy safely out of the pandemic emergency and lifting inflation sustainably towards our 2% target.” The ECB has, so far, insisted that higher inflation is transitory.
Economic sentiment and consumer confidence figures will be released for the Eurozone this morning, revealing how to economy fared in September.
