This morning the euro is stronger against both sterling and the US dollar, maintaining last week’s force. By the end of last week, the euro strengthened against most major currencies following the European Central Bank’s decision to raise interest rates by 75 basis points as expected.
Markets are expecting the eurozone to take cautious steps following its inflation hike last week. At 8:30 today, the Central Bank’s Vice President Luis de Guindos spoke, and we can expect another speech at lunch from the Central Bank’s member of the executive board, Isabel Schnabel.
