Charles Purdy
on July 8th, 2022 The euro has weakened against the pound and touched a near 20-year low against the dollar. This is mainly due to dollar strength amid a ‘risk-off’ market mood.
France has recorded a larger trade deficit than expected, with imports at €60.8 billion and exports at €47.8 billion in May.
Later today, President of the European Central Bank Chrisine Lagarde will speak. Markets will be listening closely as concerns around a possible recession grow.
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