If you appreciated the end-to-end football drama of PSG and Bayern Munich at the heart of Europe last night, imagine recent movements in the euro as the opposite of that. Against the pound and US dollar it’s barely moved this week. That’s despite the ECB facing challenges ahead of its decision on interest rates tomorrow. Consumer Inflation Expectations shot up to 4%, the largest monthly increase since the start of the Ukraine war four years ago, while unemployment rates are on the rise too, and there’s plenty more data to come before tomorrow’s rate decision.
EUR: Euro becalmed ahead of ECB vote
Christopher Nye
on April 29th, 2026 
