The euro has strengthened against the pound and the dollar this morning, mainly due to sterling and greenback weakness.
The minutes from the European Central Bank’s October meeting have been released and revealed that the Bank acknowledged “supply bottlenecks were lasting longer than initially thought” but insisted that supply will gradually catch up with demand and inflation will ease off.
Today, we will hear from several members of the European Central Bank, including President Christine Lagarde which could give the euro new direction. Markets will also be listening for any further updates on the new variant of Covid-19.
