The euro is looking strong against the pound and weaker against the dollar, as it benefits from sterling’s drop and suffers due to anticipation of the ECB Forum on Central Banking, which is due to take place today. Officials are expected to consider whether the Eurozone requires additional monetary stimulus.
Later this week, the euro also has the EU heads of state meeting to contend with, in which upcoming leadership vacancies will be filled, including that of Mario Draghi, President of the European Central Bank.
The Federal Reserve’s monetary policy announcement tomorrow and the Bank of England’s interest rate decision could also stoke euro volatility.
