Positive vaccine news also strengthened the euro yesterday and it is still strong against the pound this morning. This, coupled with Europe’s general sense of control over the virus due to effective lockdowns, has supported the single currency.
Today, the ECB will release their latest decision on interest rates. Due to their huge monetary stimulus programme, they are expected to keep rates on hold.
Tomorrow, the EU summit will go ahead. Member states are expected to continue discussions around the details of the coronavirus recovery fund.
Balance of Trade figures for the Euro Area will be released later this morning.
