The euro strengthened yesterday against several currencies ahead of the European Central Bank’s meeting later today.
At the meeting, officials are expected to pave the way for a July interest rate hike, as well as further hikes throughout the course of the year. Markets are expecting a wholly ‘hawkish’ message from the meeting, so if these expectations aren’t met, the euro could suffer.
The European Central Bank’s interest rate decision is due to take place at 12:45pm and the markets will be listening closely.
