The euro is weaker against the pound and the dollar this morning following news of increasing coronavirus cases in Europe.
Both Austria and the Netherlands have introduced restrictions to curb the spread of the virus and other countries, such as Germany, have showed signs of following suit. As the business activity is already suffering due to supply chain disruptions and high inflation, the euro is weaker due to worries over the economy.
There will be a series of speeches from European Central Bank officials throughout the week and investors will be listening for any comments surrounding the COVID-19 situation in Europe.
