The euro is strong against the pound and choppy against the dollar this morning. Today, a series of PMI data will be released, which could have a bearing on the euro. However, given the recent change in tone from the ECB and the Federal Reserve, the data could have less of an influence on the markets. Services PMI is forecast to remain unchanged at 52.9.

Mario Draghi will attend the Euro Summit today. Yesterday, EU leaders were at an impasse after failing to reach on who will take top jobs, including the Commission presidency.

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