The euro is weaker against the pound and dollar this morning, due to strength from sterling and the greenback.
The markets appeared to shrug off data yesterday, which showed a downward revision to Eurozone GDP in the fourth quarter of last year. German trade data, which showed that Germany’s trade surplus increased slightly to €14.3 billion in January, also had little effect on market movement.
It’s a quiet day for European data releases today, so the markets will be looking ahead to the ECB’s latest interest rate decision and monetary policy meeting tomorrow.
