Euro and Pound Reach New Heights Against Dollar

Following the United States' imposition of tariffs on a broad spectrum of countries, including the European Union and the United Kingdom, the euro and pound experienced significant gains against the dollar on Thursday. This surge marked the highest valuation for both currencies since October 2024.

By 9:56 am CET, the euro had climbed by 1.05%, trading at $1.09679, while the pound saw a 0.98% increase, reaching $1.3135. This notable uptick reflects the market's reaction to the recent trade policies introduced by the US.