The euro remains under pressure due to rising COVID-19 cases across Europe. France reported a daily record of cases on Saturday, whilst Spain and Italy are introducing increased restrictions to help to curb the disease. This will have the potential to impact Europe’s economic recovery as we go into winter.
Business climate figures from Germany will be released this morning, followed by sentiment figures for the Eurozone on Thursday.
The ECB will also announce their latest decision on interest rates this Thursday. It will be interesting to hear if officials are planning to release more stimulus measures to help the European economy through the pandemic.
