The euro looks weaker against the pound but stronger against the dollar at the start of this week. There will be a series of data releases for the Eurozone this week, including industrial production figures today, flash PMIs on Wednesday and inflation rate data on Thursday. These figures will indicate how the European economy has performed in November and December.
There will also be a series of speeches from European Central Bank officials this week, following their monetary policy meeting last week. They agreed to add to their stimulus programme in order to support the economy with its recovery from the effects of the pandemic.
