The euro is choppy against the pound this morning and stronger against the dollar. The EU’s Economic Bulletin was released at the end of last week, showing that the ECB left interest rates and its stimulus package on hold. This was Christine Lagarde’s first policy meeting. Officials said that they expected rates to remain at their current or lower levels until they reach their aim on inflation.
In terms of data releases this week, it’s fairly quiet with Marketing PMI on Thursday and Loan Growth on Friday. On Sunday, the ECB’s Chief Economist, Philip Lane will make a speech, and is expected to reflect on the ECB’s decision to keep rates on hold.
