The euro strengthened slightly against the pound and the dollar yesterday, mainly due to weakness from sterling and the greenback.
Today, the European Central Bank will hold its latest monetary policy meeting. No major changes are expected however the markets will be listening closely for any comments surrounding the timings of interest rate hikes. It’s thought that President Christine Lagarde will confirm that rates will be raised in 2024.
Before the ECB meeting, consumer confidence and economic sentiment figures will be released for the Eurozone.
