EUR: ECB meeting on Thursday

The euro is stronger against the pound and slightly weaker against the dollar this morning, after strengthening last week.

This comes ahead of the European Central Bank’s monetary policy meeting, which will take place on Thursday. Officials are set to end their bond buying programme and pave the way for interest rate hikes at subsequent meetings. This is in a bid to tackle high inflation, which came in at 8.1% year-on-year in May.

Ahead of the ECB’s meeting on Thursday, construction PMI and GDP figures will be released this week.

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