The single currency struggled against sterling yesterday, as its own vaccine rollout lags behind both the UK and US.
It started to recover a little of its recent losses against the US dollar this morning, with the Harmonized Index of Prices (HICP) coming in as expected at -0.7% year-on-year but up 0.6% on the month.
There is plenty of data for the market to chew on over the midweek period, including ECB bank lending, the ZEW economic sentiment survey and construction output today and Eurozone-wide inflation tomorrow.
