Euro and Pound Reach New Highs Against Dollar

In a significant financial development, the euro and the pound have surged to their highest levels against the dollar since October 2024. This remarkable shift comes in the wake of the United States imposing new tariffs on a wide range of countries, including the European Union and the United Kingdom.

Market Reaction to US Tariffs

By 9:56 am CET, the euro had gained an impressive 1.05%, trading at $1.09679. Simultaneously, the pound experienced a 0.98% increase, reaching $1.3135. These movements highlight the immediate impact of the US's tariff decisions on global currency markets.