Home » Currency Note » Currency Note » Currency Note EUR » EUR: Euro benefits from BoE rate hike

The euro strengthened against the pound and the dollar yesterday after the Bank of England’s interest rate decision created volatility within the markets. This morning the single currency has lost a little of this strength but remains at its strongest point against the pound this week.

Despite the ongoing disruption from the war in Ukraine and much to the surprise of the markets, industrial production figures for Germany rose by 0.4% month-on-month. It is thought this rebound was a result of the relaxation of covid rules in China.

Balance of trade figures for France revealed a larger-than-expected trade deficit in June.

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