The euro is stronger against the pound and the dollar this morning.
Data released yesterday showed that eurozone inflation came in at a record high, soaring to 4.9% in November. High gas prices and imported goods were said to be the main drivers. German inflation came in at 6%, whilst Estonia jumped to 8.4% and Lithuania at 9.3%.
Data showing the performance of retail sales in Germany came in this morning, missing expectations due to a rise in supply bottlenecks. Later today, manufacturing PMI figures will be released for both Germany and the eurozone.
