The euro is weaker against the pound this morning but is strengthening slightly against the dollar. This follows a disappointing Non-Farm Payrolls report on Friday, which impacted the greenback.
The first half of this week is busy with data releases in Europe. Economic sentiment figures for Germany and the Eurozone as a whole will be released tomorrow, followed by inflation rate data for Germany on Wednesday.
German inflation is predicted to come in an 4.1%, higher than the previous reading of 3.9%. If this occurs, the markets will be listening closely to comments on monetary policy and interest rates from the European Central Bank.
