The euro has strengthened against the pound and the dollar this morning following comments from European Central Bank officials.
Governing Council member, Martins Kazaks, said yesterday that an interest rate hike in July is “possible”, whilst Vice President, Luis de Guindos, said that quantitative easing should be able to end in July, making way for interest rate hikes.
After the ECB meeting last week, which offered no indication of upcoming interest rate hikes, the euro has strengthened on these comments.
Inflation data for the eurozone will be released later this morning and if the figures are higher than expected, the euro could continue to strengthen.
