Charles Purdy
on May 20th, 2022 The euro has strengthened against the pound and is trading roughly 1% higher than yesterday against the dollar.
Minutes from the European Central Bank’s latest monetary policy meeting were published yesterday and revealed that members were in favour of a rate hike “if conditions warrant it”. This was relatively unsurprising and did not cause much of a reaction in the markets.
Later today, consumer confidence figures for the eurozone will be released. Markets predict a slight fall of 0.5%.
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