The euro is well-supported against the pound this morning as it continues to respond to news from Ukraine. Talks continue between Ukraine and Russia, with Ukrainian President Volodymyr Zelensky saying that they are beginning to “sound more realistic”. Negotiations will continue today.
Despite this, Russia continues to attack Ukrainian cities, with reports revealing that there have been more strikes on Kyiv this morning.
The Federal Reserve will conclude its latest monetary policy meeting today. Officials are expected to announce that interest rates will be hiked for the first time since 2018 amid extremely high inflation.
This will be followed by the Bank of England’s monetary policy meeting tomorrow when interest rates are also expected to rise to 0.75%.
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