The pound is stronger against the euro this morning. This is largely due to the possibility that the EU will increase its sanctions on Russia this week, which is weighing on the single currency.
Both the French President and the German Defence Minister have called for more sanctions following reports of Russian forces targeting civilians in the town of Bucha, near Kyiv.
Several central bank officials will speak throughout the course of this week from the Bank of England, European Central Bank and Federal Reserve. The markets will be listening closely for comments surrounding the economy and interest rates.
The Federal Reserve will release the minutes from its latest meeting on Wednesday, which should provide a clearer picture of policymakers’ thinking around the path forward for interest rates.
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