Euro exchange rates extended a run of remarkable gains after the latest decision to cut interest rates by 25 basis points.
Euro a Buy Says Bank of America
- Category: EUR
Strategists at Bank of America are buyers of the Euro as Germany reaches a "watershed moment" that will prove a "game changer".
Pound Sterling slid by half a per cent on the day Germany and the EU signalled a readiness to start spending.
Pound Sterling starts the new week in the red against the Euro; however, the near-term outlook remains constructive, and another weekly gain is possible as tariff risks are high and a European Central Bank rate decision is due.