The euro is up against the pound this morning, with declining global sentiment sending investors to the single currency. This morning, figures have shown French inflation rates have stayed mostly flat, whilst Spanish inflation has continued to decline. Industrial production is also expected to show a sharp drop later today.
Forecasts from the OECD show Eurozone countries, particularly France, may have a difficult recovery ahead, although predictions seem more optimistic in some areas than for the UK. Hopes of a positive recovery, however, have been raised by news of recommendations by the European Commission of the external borders of the European Union reopening from 1st July.
