The single currency made gains against the US dollar but lost out to sterling yesterday.
With no significant data releases yesterday, traders were left picking out hints from Christine Lagarde’s comments on monetary policy – no great worries about inflation, but a more “green” approach to policymaking – and on hopes for a rapid release from Covid-precautions, or at least more rapid than the UK’s.
Today we’re going to see Euro area consumer confidence for June, which is expected to be above last month’s -5.1, but this is really the appetizer before the feast of data as we reach midweek, with Markit PMI and then Ifo Business Climate for Germany on Thursday.
