The euro is weak against the pound and the dollar this morning, due to waning hopes that a resolution will be found to the Ukraine conflict anytime soon.
Economic sentiment figures for Germany came in yesterday, showing that expectations and assessments of the economy by analysts are currently similar to those at the beginning of the pandemic. It is a similar story for the eurozone as a whole, with analysts expressing concern about the economic impact of the war in Ukraine.
Tomorrow, the European Central Bank will hold its latest decision on interest rates. Whilst the rate is expected to stay the same, the markets will be listening for any comments from officials.
