After strengthening yesterday, the euro has lost some of its strength against the pound and the dollar as the lack of progress with Russia-Ukraine peace talks continues to cause anxiety in the markets.
Speaking yesterday, President of the European Central Bank Christine Lagarde warned that the Russia-Ukraine war could push inflation higher in the short-term and that the Bank needs to be flexible with monetary policy.
Inflation for the eurozone rose to 5.9% year-on-year in February, up from 5.1% and slightly exceeding expectations.
