The euro has continued in a weaker vein this morning, the slower roll out of the vaccine and the recent increase in Covid-19 cases continue to weigh heavy on the single currency.
This may in turn lead to stricter restrictions within the affected countries and even an extension to the current conditions.
Sterling has firmed up overnight, following showing a softer tone in the previous 24 hours.
UK Retails Sales for February released at 7am this mornings were in line with expectations, showing rising MoM figures of 2.1%, a positive sign following the decline of 8.2% in January.
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Todays economic calendar
GER: 09:00 Ifo Business Climate (March)
ITA: 09:00 ISTAT Business Confidence
ITA: 09:00 Consumer Confidence (March)
US: 13:30 Personal Income / Consumption (February)
US: 14:00 Final Michigan Consumer Sentiment (March)
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