The euro was under pressure against both the pound and the dollar yesterday, mostly due to strength from sterling and the greenback.
May’s Industrial production figures for the Eurozone will be released later today and are expected to fall by 0.2% month-on-month, after rising by 0.8% in April. This prediction could be due to the reintroduction of some restrictions in Europe as the Delta variant became more prominent.
President of the European Central Bank, Christine Lagarde, said earlier this week that the ECB will change its guidance on next policy steps at its next meeting, to reflect its new inflation target.
