The euro is down against the pound after the latter was boosted by hopes of a Brexit deal following a meeting between Leo Varadkar and Boris Johnson. Poor economic releases also did not help, with German current account figures coming below expectations, and its balance of trade continuing to narrow.
French industrial production also unexpectedly dropped into the negatives, coming as the country’s pick for European Commissioner, Sylvie Goulard, was rejected for her position in charge of industrial policy.
The European Union has agreed to the principles of the so-called ‘eurozone budget’ after two years of negotiation, with an agreement that countries can use at least 70% of what it invests in the budget.
