The euro strengthened yesterday in anticipation of the ECB meeting this week, which is due to take place on Thursday. Officials are expected to announce that they will keep interest rates the same. The EU summit is also due to take place this week, where details of the coronavirus recovery plan will be discussed.
Disagreements between the ‘frugal four’ (Netherlands, Austria, Denmark, and Sweden) and other member states remain over whether aid should come in the form of grants or low-interest loans.
This morning, industrial production and the economic sentiment index will be released for the EU, giving us another insight into the health of the European economy.
