020 7898 0500The euro regained some ground against both sterling and the US dollar on Monday, recovering from 12-year lows against the latter as the US has concerns over its recent sharp gains. The single currency was also boosted by Italy’s central bank governor worries over the speed of how quickly it has fallen since the European Central Bank (ECB) launched its quantitative easing program last week.
This week, the markets will be looking closely at ZEW German economic sentiment data released today; a rise in morale for the German economy is expected and therefore likely to support the euro. However, the week started with an European Union (EU) meeting to discuss Greece, the ongoing crisis in Ukraine as well as the sanctions by the EU on Russia – all of which continue to hurt European growth.
