Region: Europe

The trade war has begun. Euro soars to 16-week high. Pound overcomes key resistance levels.

Macro weakness trumps tariff risks. Euro supported by European defence spending. Traders turning bullish on pound.

Dollar between (-) macro and (+) geopolitics. Euro in the shadow of Trump. Swinging with risk sentiment.

Dollar balancing tariffs, weaker growth. Euro back on the defence. Risk sensitive or safe haven sterling.

Equities rattled, currencies calm. Tariff threats losing sting on euro. Sterling’s double edged sword.

Trump’s tax plans optimism. Euro faltering at $1.05. Pound lacking fresh catalyst against euro.