The euro largely held onto its gains against USD from Friday, while slipping against the pound yesterday by around 1%.
Yesterday we heard from ECB policymaker Francois Villeroy de Galhau that PEPP, the eurozone’s pandemic emergency purchase programme, would continue until at least March 2022, easing worries over a tapering of the support.
It’s a relatively quiet week for data in the Eurozone, but today we’ve already heard about wholesale prices in Germany continuing to rise, albeit at a slower rate than March, and later today we will see the ZEW index for Germany and the eurozone.
