The euro is weaker against the dollar and the pound this morning, mainly due to strength from both sterling and the greenback.
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Sterling has strengthened against the euro this morning following the release of UK inflation figures.
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The dollar is stronger this morning due to rising yields, which have increased following the FOMC meeting minutes last week.
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Later today, economic sentiment figures will be released for both the eurozone and Germany.
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Labour market figures for the UK came in this morning. The unemployment rate in November fell from 4.2% to 4.1%, better than expectations.
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The pound has held onto its strength against the euro and the dollar, despite the ongoing political turmoil in Downing Street. Yesterday, the Conservative MP for Wycombe said that his constituents are around “60 to 1” against the…
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After weakening at the end of last week due to Wednesday’s inflation figures and poor economic data on Friday, the dollar is trading around similar levels this morning.
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It’s a quiet week for data in the eurozone, but economic sentiment figures will be released tomorrow followed by final inflation figures on Thursday.
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