The euro is still stronger against the pound today, despite inflation shown to have dropped yesterday as coronavirus disruption to suppliers caused energy prices to grow more slowly than expected – a reversal of the uptick since the ECB introduced its stimulus package in September.
Christine Lagarde said on Monday evening that the ECB is ‘ready to take appropriate and targeted measures’ to reign in the economic impact of coronavirus as a ‘fast-developing situation which creates risks for the economic outlook and functioning of financial markets’.
