The euro has weakened a little against the pound and remains weak against the dollar, trading around 2021 lows.
This follows a speech by Federal Reserve Chair Jerome Powell which boosted the greenback as well as unimpressive German data. Month-on-month inflation stayed the same in Germany, missing expectations of an increase of 0.1%. Year-on-year inflation rose by 0.2% but still missed expectations.
Rising energy costs across Europe are also thought to be weighing on the euro.
Inflation for the whole eurozone will be released later this morning, as well as Markit PMI for September, which could give the single currency new direction.
