The euro is strong against the pound and the dollar today, despite poor German and Italian data earlier in the day. This morning, ECB official Yves Mersch will make a speech and is expected to hint at the eurozone’s current position towards monetary policy.
Today is light on data but tomorrow will be busier, with French inflation rate figures due to be released in the morning. German GDP will also be released, which could have an impact on the single currency. If the data reveals the last quarter of 2019 showed signs of recovery in Germany, then this should limit Euro weakness and may cause it to strengthen.
