The euro is still struggling against the dollar and the pound as the Ukraine conflict continues to weigh on the single currency.
This comes as Russian troops have intensified their attack on Ukrainian cities, warning residents in Kyiv to flee their homes. In Kharkiv, Ukraine’s second most populous city, Russian paratroopers are fighting for control of the city.
Later today, flash inflation rate figures will be released for the eurozone. Inflation is expected to jump to 5.4% from the previous reading of 5.1%. Any surprises could have an impact on the single currency.
