Euro ended yesterday down against the pound, after a choppy day which saw a spike at noon followed by a loss of ground to the pound. Christine Lagarde acknowledged the risks facing the Eurozone in a speech yesterday afternoon, saying that national governments using their budget to support the economy would be ‘very welcome’ amid a backdrop of a manufacturing slowdown and the risk of greater disruption from the coronavirus outbreak.
Today, the UK’s Brexit negotiating mandate will be laid before Parliament, following the EU’s earlier this week. Turning across the Atlantic, the EU’s Chief Trade Negotiator Phil Hogan has said there may be a ‘window of opportunity’ for a settlement with the US over its tariffs, as further ones were held off by the American government.
