Euro and Pound Surge Against Dollar

In a significant financial development, the euro and the pound have reached their highest levels against the dollar since October 2024. This surge 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 Reactions

By 9:56 am CET, the euro had gained 1.05%, trading at $1.09679, while the pound rose by 0.98%, reaching $1.3135. These movements highlight the immediate impact of the US tariffs on global currency markets.