The euro is weak against the pound and the dollar this morning.
Russia launched a new offensive in the Donbas region of Ukraine on Monday, which has weighed on the single currency. As well as this, the European Central Bank’s meeting last week, in which officials did not hint at any upcoming interest rate rises, also weakened the euro.
Today, industrial production figures will be released for the eurozone, followed by inflation rate data tomorrow. Inflation is expected to have risen in March year-on-year and month-on-month.
