Currency

Markets

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

17/06/2025

Economy

Bulgaria to adopt the euro as ECB and EU Commission give green light

Bulgaria will be the 21st nation to join the eurozone, with adoption planned at the start of 2026.

04/06/2025

Europe News

Thousands protest in Bulgaria to maintain national currency

Bulgaria's new government, which was formed last month, has made eurozone membership a key priority. Opposition parties want a referendum to be held.

31/05/2025

Economy

Is Trump’s agenda weakening the dollar and shifting power to the euro?

Controversial policies from the Trump administration are pushing investors to flee US assets. But another currency will struggle to take the dollar’s throne.

06/05/2025

Europe News

Burying money has cost Portugal millions of euros in the last decade

Citizens hide money in case of emergency situations. In 2024, authorities recovered a record €1.7 million in banknotes that were not fit for circulation.

21/03/2025

Economy

Euro falls as eurozone inflation sees downward revisions in February

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting.

19/03/2025

Markets

The DAX and euro rise ahead of Germany’s historic debt reform vote

Germany is expected to pass a major spending bill on defence and infrastructure, allowing the country to unleash hundreds of billions of euros into the economy. Both the euro and Germany’s stock markets may maintain their uptrends amid optimism about the fiscal reform.

18/03/2025

Markets

Euro-dollar parity: Could the euro slip below the greenback in 2025?

The euro, near its weakest level in two years, faces mounting risks from Trump’s tariff plans, diverging Fed-ECB policies, and geopolitical uncertainty. Analysts warn parity with the dollar could return by early 2025.

10/01/2025

Economy

BoE delivers 'dovish hold' as growth stalls, trade risks rise

The Bank of England maintained its key interest rate at 4.75% in a 6–3 split vote, as inflation pressures persist and growth falters. Inflation rose to 2.6% in November, but growth is now forecast at 0% for the fourth quarter. Markets interpreted the decision as dovish.

19/12/2024

Markets

Euro tumbles to a one-year low as US releases inflation figures

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Analysts expect that the euro may continue to face downward pressure against the dollar, even if enthusiasm over Trump's policies subsides.

14/11/2024

Markets

How might the euro react if Trump wins the US presidential election?

A Trump victory could bring sweeping US tariffs, including a 10% levy on EU imports and a hefty 60% on Chinese goods. Analysts warn this protectionist stance could strengthen the dollar while pressuring the euro, pushing the ECB to consider lower rates to support negative effects on growth.

28/10/2024

World

Asian shares rise and yen dips as Japan's ruling party loses majority

Asian shares rose on Monday, as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower house in weekend elections.

28/10/2024

Markets

Pound on track to be one of the best-performing currencies in 2024

The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong momentum to continue until the end of the year.

03/09/2024

Markets

Why has the euro rallied to a 13-month high against the dollar?

The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.

26/08/2024

Markets

Euro surges to eight-month high as safe haven currency

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend.

07/08/2024

Markets

Pound, euro, and gold surge as US dollar weakens

Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday. The dollar's weakness may continue to exert upside pressure on currencies and metal prices amid growing expectations of rate cuts by the Federal Reserve.

18/07/2024

Economy

Portugal celebrates mythical beasts and heroes with Ulysses coin

The Bank of Portugal pays tribute to the mythical founder of Lisbon with a €5 collector coin.

15/07/2024

Economy

Pound nears one-month high following UK election results

The British Pound has strengthened against other major currencies in the past week as the landslide win of the Labour Party provides optimism toward policy stability for the country.

10/07/2024

United Kingdom

New Charles III banknotes on display at Bank of England exhibition

The new currency is being shown at a museum before entering circulation on 5 June.

28/02/2024

United Kingdom

King Charles III banknotes to enter circulation in June 2024

New banknotes will be issued solely to substitute worn ones and to accommodate any rise in demand for banknotes.

21/02/2024