Sterling recorded a small daily advance against the euro and a slightly larger one against the US dollar yesterday, a day when Europe’s politicians took aggressive countermeasures against American trade tariffs.
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Trump’s tariff trade war went worldwide last night as his global tariffs on aluminium and steel imports kicked into gear. The export duties immediately saw declines in the pound and euro, which had been enjoying gains earlier in…
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The dollar ended Tuesday just behind the pound and euro as the markets were left reeling by Trump’s uncommitted and capricious approach to tariffs. USD lost ground in the morning and regained it in the evening as he…
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The euro spent most of Tuesday far ahead of the pound and dollar, but those gains were eroded the clock on US tariffs ran out. Ursula von der Leyen has come out swinging, however, announcing €26bn in retaliatory…
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After ending Tuesday firmly ahead of the dollar, the pound has started to lose its recent gains as global US tariffs come into effect. Trump’s on-again, off-again style means there is great volatility in the market.
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After a day of significant climbs on the pound and dollar, as the markets prepared for global tariffs to come into effect, the euro only ended marginally ahead on both currencies.
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It was another bad day for the dollar, with Wall Street traders selling shares in the face of Trump tariffs. US jobs data published this afternoon will show the direction of travel for the US economy.
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The euro ended Monday up again on the dollar and the pound, but its stocks were harmed by Wall Street’s current panic. Europe is waiting to hear whether the German government can find unity on Merz’s historic debt…
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