March 5, 2025 – Written by David Woodsmith
STORY LINK Euro Surges vs Pound, Dollar as Germany Opens Spending Floodgates
A dramatic German U-Turn on defence and infrastructure spending has triggered a Euro surge in global markets. In contrast, the UK government has indicated that UK spending plans will have to be scaled back.
EUR/USD has jumped to 16-week highs above 1.0700 with the dollar also struggling in global markets.
Scotiabank noted that the Euro is still below fair value and added; “There is some runway for…
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