The euro was strong against the pound and dollar at the end of last week, as the European Central Bank released their meeting minutes. It is also strong this morning ahead of a meeting between German Chancellor, Angela Merkel and French President, Emmanuel Macron. They are expected to discuss the recovery fund for the Eurozone, which still needs to be agreed upon.
President of the ECB, Christine Lagarde, said on Friday that the eurozone is “probably past” the worst of the economic crisis caused by the pandemic.
This will be a busy week for data from the Euro Area, with Business and Consumer confidence figures due to be released this morning. Inflation rate figures are due tomorrow, whilst final Manufacturing PMI data will be released on Wednesday.
