The euro has continued its downward trajectory against the pound and dollar, sliding by half a cent yesterday. The single currency has been hit by weak economic data, lockdowns that have provoked riots in the Netherlands, and continued vaccine delays.
Yesterday, European Central Bank President Christine Lagarde commented that “2021 is the year of recovery” and that economic growth will be “somewhat delayed but not derailed”.
Tomorrow, data for Gfk consumer confidence in Germany and unemployment benefit claims in France will be released.
