The euro is weaker against the pound after strengthening sharply yesterday. This came after investors considered Russia’s move to send troops into eastern Ukraine yesterday. However, the uplift was short-lived.
The single currency, however, is finding some support against the dollar due to news that President Putin has said that Moscow was ready to look for “diplomatic solutions”. Despite this, he also stated that Russia’s interests are non-negotiable.
Yesterday, European Central Bank official, Robert Holzmann, said yesterday that the ECB could raise the interest rate in summer before ending quantitative easing. He also added that a second hike could come before the end of the year.
