The single currency strengthened against the US dollar by around 1% yesterday as IFO Business Climate Indicator for Germany climbed ahead of expectations.
The Eurozone’s painfully slow vaccine rollout (6% compared the UK’s 27%, albeit with a two-jab approach) continued to weigh it down against sterling.
Later today we have eurozone core inflation at 10am, where the markets will be looking for around a 1.2% rise year on year.
Tomorrow we have German GDP for Q4 and French business confidence and some big data releases on Wednesday including eurozone and German consumer confidence.
