The euro is stronger against the pound this morning and is still at strong levels against the dollar.
Data released yesterday showed that Eurozone consumer prices fell for a third consecutive month by 0.3% year-on-year in November, which was expected. This was the steepest decline since April 2016, amid subdued demand due to the coronavirus crisis.
ECB official, Isobel Schnabel, commented on the state of the European economy yesterday. She said, “The progress we have made in overcoming these shared challenges should be reason for confidence. A crisis-proof and economically successful Europe provides the best arguments to counter euro-scepticism.”
Today, business climate figures for Germany will be released.
