The euro has weakened against the pound and the dollar this morning after disappointing German data and greenback strength.
Germany’s central bank revealed in its monthly report that German economic growth is likely to slow significantly in the final quarter of the year. This is thought to be attributed to supply chain bottlenecks and soaring energy costs.
German IFO Business Climate figures also came in at the lowest level since April. Markets now await the European Central Bank Lending Survey and German Gfk Consumer Confidence for fresh euro impetus.
