The euro is still weak against the pound and the dollar, who are both benefitting from robust vaccination programmes and hopes for economic recovery. The single currency continues to suffer as the ‘third wave’ of COVID-19 infection continues to sweep across the continent.
In some more positive news, economic sentiment figures for the Eurozone were higher than expected in March and the highest since February 2020, bouncing back to pre-pandemic levels. Similarly, industry confidence in the Eurozone increased for the fourth month in a row in March, the highest level since December 2018.
Services sentiment was also higher than expected, as well as consumer confidence. This data shows that expectations for the general economic situation is improving.
