The euro is still weak against the pound, after figures from last week showed deep pessimism among German businesses over the future of the European economy. This morning’s French consumer confidence has also showed low expectations for what lies ahead.
Yesterday, figures from France showed unemployment benefit claimants to have increased dramatically, although the number of job seekers was up by less than 10%.
Tomorrow will be perhaps the key day of this week, with a raft of data releases and the European Central Bank’s interest rate decision.
