The euro was strong against both the pound and the dollar yesterday, still benefitting from news that EU leaders finalised their coronavirus recovery package last week.
Any signs that the Eurozone is recovering economically and managing to contain the virus could also bode well for the single currency. IFO Business Climate figures for Germany were released yesterday morning, rising by 4.2 points and showing that the current situation for businesses is improving slightly. This fuels hopes of a ‘V shaped’ recovery for the Eurozone.
