The euro is stronger against the dollar and the pound this morning, still supported by increased expectations of an interest rate hike from the European Central Bank. If this materialises, it would be the first time the ECB have raised rates since 2011.
The markets will be listening for any comments surrounding interest rates when two ECB officials speak this afternoon. Luis de Guindos and Philip Lane are due to make speeches. Last month, de Guindos exclaimed that high inflation is not as transitory as first thought.
