The euro is weaker against the pound but strengthening against the dollar this morning. The single currency is stabilising but could be affected by meetings later this week, including from the European Central Bank and the Federal Reserve.
Mario Draghi, former ECB chief, has become Italy’s latest prime minister. Given the nickname ‘super’ Mario for his previous work in saving the single currency, it is hoped that he will once again boost the euro. The first thing on his list is to accelerate Italy’s vaccinations.
We will see data releases for GDP growth and consumer confidence in the eurozone, and PMI Markit in Germany, later this week.
