The euro is stronger against the pound but has lost some of its strength against the dollar this morning.
President of the European Central Bank, Christine Lagarde, spoke yesterday about inflation in the eurozone. In her speech, Lagarde said, “We expect inflation in the medium term to stabilize below our objective” of 2% – a figure that hasn’t been seen in eight years. However, this failed to impress markets and boost the euro.
The European Union is currently in the process of rolling out its Digital Covid Certificate to all 27 member states. In theory, this ‘vaccine passport’ should allow quarantine-free travel for EU citizens within EU countries by allowing travellers to prove they have been vaccinated against Covid, have a negative PCR test or have recently recovered from the virus.
