The euro is weak against the pound this morning, not having yet regained ground from a week of poor data, which showed manufacturing and services to have declined dramatically across the entire Eurozone. The markets will be looking forward to this Thursday, when the ECB will set out its latest monetary policy decisions. The meeting is expected to be used to at least signal support for further rescue packages.
Last week, Michel Barnier’s comments that negotiations are not progressing as fast as they should may have helped to give the pound a boost, but they will still concern euro investors with the prospect of both sides reverting to WTO trade rules come 1st January 2021.
