The euro remained steady against the pound this morning, with a quiet day for economic releases and most eyes on the British Parliament’s indicative votes this evening. ECB President Mario Draghi gave a speech in Frankfurt this morning in which he highlighted the ‘loss of growth momentum in the euro area’.
He told the audience that it is ‘not yet certain whether we [are] witnessing a temporary departure or a more lasting deterioration in the growth outlook’. What is clear is that worries are persisting around the economic health of the Eurozone, in particular around the German economy, with goods import growth reaching its lowest level in January since the recession.
Tomorrow will be a busier day, with the business confidence index for March, as well as services sentiment, industrial sentiment and economic sentiment, among others.
