The euro is still weak against the pound and the dollar this morning. A fifth round of European Union sanctions on Russia could be approved today, which will include a ban on coal imports.
In President Zelensky’s video address this morning, he called for tougher sanctions on Russia from the West, such as a complete block on Russian banks from the international finance system. “Sanctions against Russia must be ruinous enough for us to end this terrible war,” he said.
Data released this morning reveals that UK house prices continued to rise in March, with the average UK house now costing £282,000.
Minutes from the Federal Reserve’s latest meeting were published yesterday, and several officials will speak today following this. The markets will be listening closely for any comments surrounding monetary policy.
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