Euro still strong against Pound Sterling

The euro gave up some of its gains against the dollar on Friday, but is expected to have another strong week against the greenback. The ECB is expected to leave its key refinancing rate on hold at 4.00% at Thursday’s meeting and as usual, economists said they would pay close attention to the central bank’s press conference, at which it will outline the latest forecasts from its staff. The euro has dropped slightly against the dollar and yen, but is still strong against sterling.