The euro is still weak against the pound this morning but is slightly stronger against the dollar.
The final Eurozone inflation figures were released yesterday, showing that inflation rose to a 13-year high in October as expected. Rising energy costs were cited as the main reason for this. Earlier this week, President of the European Central Bank, Christine Lagarde, acknowledged that inflation would remain high for the rest of this year, but added that it will “fall off a cliff in Q1”.
Later today, three European Central Bank officials will speak, followed by a speech from Lagarde tomorrow.
