The euro is still benefitting from strength it gained following the French presidential elections in which current president Emmanuel Macron won the first round of voting. The single currency is weaker against the dollar, however.
The second round will take place in two weeks’ time when the French public will choose between Macron and Marine La Pen. A Macron win will likely boost the euro whereas a La Pen victory could send the single currency lower.
Later this morning we will see German economic sentiment figures for April which will give an indication of how the country’s economy is faring. Markets are predicting a fall from March.
