Euro and Pound Surge Against Dollar

In a dramatic turn of events, the euro and the pound have reached their highest values against the dollar since October 2024. This surge comes in the wake of the United States imposing tariffs on a broad spectrum of countries, including the European Union and the United Kingdom.

Market Reactions

By 9:56 am CET, the euro had climbed by 1.05%, trading at $1.09679. Similarly, the pound experienced a 0.98% increase, reaching $1.3135. These figures mark a significant moment in the currency markets, reflecting the immediate impact of the US's latest trade policies.