The euro is weak against both the pound and the dollar as recession fears continue to weigh on the single currency.
Surging gas prices, the ongoing energy crisis and high inflation are all weighing on the euro. Industrial production figures for Germany were released this morning, showing a 0.2% growth in May and falling below market forecasts. Supply chain constraints continue to weigh on production.
Today, there will be speeches from two European Central Bank officials ahead of a speech from ECB President, Christine Lagarde, tomorrow.
