April 7, 2025 – Written by Frank Davies
STORY LINK Pound to Euro Rate Tests 1.17 Lows, Odds of “Full-blown Global Trade War Growing”
The Pound to Euro rate slumped to 7-month lows near 1.1700 on Monday, with risk appetite plunging further in Asia amid uncompromising talk from the US Administration which increased fears over an extended trade war.
Pressure for reassuring talk from governments and central banks will intensify.
IG market analyst Tony Sycamore commented; “Things have gone from…
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