The euro is stronger against the pound and slightly weaker against the dollar this morning.
There will be a series of data releases for Europe this week, including economic sentiment figures for Germany and the Eurozone tomorrow, as well as inflation rate data for Germany on Wednesday.
The ECB’s Chief Economist, Philip Lane, will give a series of speeches this week. Over the weekend, he said that the high inflation Europe is seeing at the moment is “very unusual and temporary”. He also said that officials believe there are strong reasons for inflation to fall next year.
