The euro has had a mixed 24-hours, falling against sterling and the US dollar but strengthening elsewhere.
Yesterday, eurozone unemployment was recorded at 7.2%, the lowest level since March 2020. There were regional and demographic differences, however, with Spain at 14%, Italy 9.2% and France 7.5%, while the Netherlands and Germany were 2.7% and 3.2% respectively. Of Europe’s under-25s, 15.5% are unemployed.
Later today we’ll hear retail sales for Italy, but in a quiet week for data it may be speeches from European Central Bank (ECB) interest-rate setters that grabs the headlines. Later this morning we will hear from Christine Lagarde, President of the ECB.
