The euro was weak against the pound and dollar yesterday and remains low today, after starting the week in a strong position. Germany’s full year GDP growth figure came in this morning at 0.6%, meeting expectations but showing the weakest expansion rate since 2013.
The Eurozone awaits its Balance of Trade figure later this morning, which is expected to come in at 23.3 billion, a drop from the last reading.
The EU has set out a trillion-euro plan in an attempt to avert the climate crisis. The EU budget chief said the bloc needs to invest dedicated funds to avert a “climate crash” as Brussels detailed how it planned to pay for a trillion euro push to cut net C02 emissions to zero by 2050.
