The euro was stronger against the pound yesterday but weaker against the dollar, mainly due to pound and dollar movements. President of the European Central Bank, Christine Lagarde, said in a speech yesterday that the Bank are attentive to the euro’s recent strength and aware that it puts downward pressure on prices.
Today, the consumer confidence figure will be released for the Euro Area. It is expected to be little changed from the previous three months. ECB officials, Phillip Lane and Fabio Panetta, will also make speeches and are likely to comment on the rising euro.
