Charles Purdy
on April 7th, 2022 The euro is still struggling against the pound, weighed down by events in Ukraine and the increased sanctions placed on Russia, which are set to hurt the European economy.
A fifth round of EU sanctions on Russia could be agreed today, which will include a ban on coal imports. However, Ukraine has called for harsher sanctions, with President Zelensky saying that that the current approach doesn’t go far enough.
Retail sales data for the eurozone will be released later today.
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