The euro ended Tuesday slightly down on the pound and the dollar as the market prepares for Trump’s tariffs. While the President says the tariffs are global, he has singled out the EU as an intended target.
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The pound recovered from a dip against the euro and dollar, ending Tuesday roughly where it started. With no major new data releases planned for this week, starling is at the mercy of Trump’s tariffs.
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After dipping against the euro and dollar on Tuesday morning, the pound recovered and ended the day largely level with both currencies. Today could see that all change as US President Donald Trump unveils his ‘Liberation Day’ tariffs.
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While the dollar may be up ahead of Trump’s impending tariffs, record gold prices and shrinking stock markets suggest the market is simply investing in a safe haven currency. The threat of a recession is growing and labour…
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The euro lost ground against the dollar as fears of Trump’s tariffs gripped the market. However, signs of increased retail sales and flat inflation may give the eurozone a little hope.
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The pound ended Monday flat against the euro and down against the dollar. UK markets are contending with both Trump’s tariffs and a flatlining housing market as Rachel Reeves’ October budget comes into force.
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After small rises against the euro and dollar early in the day, the pound dropped suddenly at the end of trading. As the markets closed on Tuesday, GBP was virtually flat against the EUR but down 0.31% on…
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The pound reaches the end of the month around 1.25% down on the euro. The damage was done at the start of the month with a large drop in GBP/EUR after Germany’s new chancellor decided to ramp up…
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