The euro continued to strengthen against the pound and the dollar yesterday due to an improved market mood. This comes ahead of the European Central Bank’s latest monetary policy meeting, which is due to take place today.
This strength has been partly driven by hopes of progress in talks between Russia and Ukraine. Negotiators from both sides are due to meet in Turkey today. Reports surrounding joint EU bonds that may be introduced to fund defence and energy are also providing the markets with a positive uplift.
All eyes will be on the press conference following the European Central Bank’s meeting tomorrow for any clarification over whether these join bonds will be implemented.
