The pound is weaker against the euro and the dollar this morning following a series of data releases in the UK, EU and US.
In the UK, data disappointed, with poor PMI, consumer confidence and retail sales figures. The EU also saw lower PMI figures, while the US saw a rise.
Three summits took place in Brussels yesterday as global leaders came together to discuss how to support Ukraine. The UK announced new sanctions on Russia as well as plans to provide 6,000 more missiles and £25m to aid Ukraine’s military.
The EU and the US have also just announced a major gas deal in an attempt to reduce Europe’s reliance on Russian energy. The agreement will involve the US supplying the EU with more natural gas.
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