The euro has fallen further against the pound and the dollar this morning with the conflict in Ukraine remaining the main reason for its decline.
The single currency saw a brief boost after the European Central Bank released its latest monetary policy meeting minutes. They were more hawkish than expected, with policymakers showing eagerness to end stimulus and raise interest rates. However, strong data from the US meant the euro’s strength was short-lived.
All eyes will now be on next week’s ECB meeting in which these hawkish comments could turn to reality.
Retail sales figures were also released yesterday, rising 0.3% in February and 5% annually. Later today, ECB official, Fabio Panetta, will speak.
