The euro is weaker against the pound and the dollar this morning, mainly due to sterling and greenback movements.
There will be a series of economic data releases for the Europe this morning, including PMI figures for Germany and the Eurozone. The figures are expected to decline across the board in December due to an increase of Covid-related restrictions in many European countries.
Tomorrow, all eyes will be on German inflation figures. Inflation is expected to come in at 5.1% annually for December, a slight drop from November’s reading of 5.2%.
