The euro is still struggling against both the pound and the dollar, falling to yearly lows against the greenback, as the conflict in Ukraine continues to push markets towards safe-haven currencies.
Minutes from the European Central Bank’s latest monetary policy meeting were released yesterday and showed that members were in favour of the tapering of monetary policy. Policymakers said that inflation was likely to stay high for longer than predicted, adding that the risk was no longer tightening monetary policy too soon, but too late.
In other business news, PMI figures for the eurozone rose in February and unemployment rate fell in January.
