Europe’s slow start to the vaccine rollout is weighing on the euro, which is weaker against the pound and dollar this morning. The problems with the EU’s vaccine distribution have raised fears of a ‘double-dip’ recession.
European Commission President Ursula von der Leyen is reportedly under pressure to resign after calling to block vaccines entering the UK after a feud with AstraZeneca, which would have broken the terms of the Good Friday Agreement.
Political unrest in Italy is ongoing after two attempts by Giuseppe Conte to form a government have failed. Former ECB President, Mario Draghi, will reportedly meet the Italian President today about the possibility of becoming Prime Minister.
A series of economic data will be released for the Eurozone today, including PMI and inflation rate figures. The European Central Bank are also holding their Non-Monetary Policy meeting this morning
