The euro has weakened against the pound this morning, after ending last week in a stronger position following optimism over the European Union’s bailout programme. Manufacturing data this morning shows the sector to be weak, as expected, across the Eurozone, although slightly better than expected. On Wednesday, we will see a number of key figures for the Eurozone, Germany and France, including unemployment and services PMI.
Meanwhile, the single currency has also hit a two-month high against the US dollar, rallying on the proposed recovery fund that would total a stimulus package of €750 billion.
