The euro strengthened against the pound yesterday and is trading around similar levels today. Against the dollar, however, the single currency is trading around its lowest level since early 2017.
Speaking yesterday in Slovenia, European Central Bank President Christine Lagarde sent clear signals that she supported an interest rate hike in July. She said that she expected the bank to bring its Asset Purchase Program (APP) to an end “early in the third quarter” of the year and then to raise interest rates soon after.
It’s a quiet day for eurozone data today; however, tomorrow, inflation figures will be released for France and Spain.
