The euro was weak yesterday due to a rising pound and dollar and is still struggling this morning. The slow pace of vaccinations in Europe continues to weigh on the single currency.
In Europe, the UK leads the vaccine progress for the number of jabs administered, followed by Turkey and Germany. Pfizer and BioNTech struck a deal with the European Commission earlier this week to supply 200 million more doses of their mRNA-based COVID-19 vaccine to the European Union.
The Eurozone’s consumer confidence figures will be released today, and any surprise results could impact the euro. The figure is expected to come in at -15, a slight improvement from January’s reading but still considerably low due to the COVID-19 situation.
The ECB will release the account of their latest monetary policy meeting later today.
