The euro is weak this morning against both the pound and the dollar, after the European Elections took place at the weekend. Results saw significant losses for the two main parties, the European People’s Party and the Socialists and Democrats. They still remain the largest groups but have lost their usual majority in the European parliament.
This comes as populist, anti-EU parties made some gains, with a historic win for Italy’s League party and the far-right National Rally party in France also coming out on top. However, it’s important to note that the gains are split between different groups, diluting the threat to the status quo.
