The euro is stronger against the dollar and weaker against the pound this morning ahead of the European Central Bank’s monetary policy meeting, which will conclude later today.
ECB officials have similar considerations to that of the BoE, with high inflation and rising COVID-19 cases in Europe. Today it will present its policy outlook for 2022, however, the rise of the Omicron variant has complicated the economic picture. There will also be new projections for inflation and growth.
We’ll see a series of PMI data this morning before the meeting, which will give an indication of how the eurozone economy has performed so far in December.
