The euro is suffering against the pound, dollar and other currencies as it continues to respond to the events of the Ukraine conflict.
As Europe is reliant on Russian gas, the sanctions placed on Russia are having a significant impact in Europe and the euro is struggling as a result.
On Thursday, the European Central Bank will hold its latest monetary policy meeting. The markets will be listening closely for any change to policy due to the Ukraine crisis. With inflation rising since the February and due to remain high as a result of the Ukraine conflict, the ECB could change its ‘dovish’ approach to monetary policy, which could benefit the euro.
