The euro is weaker against both the pound and the dollar this morning, mainly due to sterling and greenback strength.
The single currency had recently benefitted from a softening of European gas prices, as well as news that the Omicron variant may not be as severe as initially feared. However, it is weaker against the dollar this morning.
There are very few data releases for Europe this week. On Monday, PMI figures for both Germany and the Eurozone are set to kick-off the new year.


