The euro is still weaker against both the pound and the dollar this morning after the European Central Bank’s September Monetary Policy Meeting Accounts failed to support the single currency.
Policymakers agreed that the near-term increase in inflation does not require a tightening of monetary policy. They also did not reveal any further information about the of Pandemic Emergency Purchase Program (PEPP) and when they would slow the pace of it.
Balance of Trade figures for Germany reveal that the country’s trade surplus narrowed in August, missing expectations. Next week, economic sentiment for Germany will be released.
