Euro and Pound Surge Against Dollar

In a significant market movement, the euro and the pound have surged against the dollar on Thursday. This comes after the United States announced the imposition of tariffs on a wide range of countries, including the European Union and the United Kingdom. Both currencies have reached highs not seen since October 2024.

At 9:56 am CET, the euro was up by 1.05%, trading at $1.09679. Similarly, the pound experienced a rise of 0.98%, reaching $1.3135. This marks a notable moment in the currency markets, reflecting the immediate impact of the US's latest trade policies.