Saturday

25th Jun 2022

Euro recovers as pound falls

The euro rose yesterday one per cent against the dollar after it reached its lowest level in six months, writes BBC News. At the same time, the British pound shed half a per cent to hit a six-month low against the dollar.

Currency markets seemed nervous ahead of the release of the Confederation of British Industry’s (CBI) report on manufacturing. "We're expecting the CBI report to be on the weak side and this could be negative for sterling," said Jeremy Hawkins, chief economic adviser at Bank of America.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

The euro’s recovery was aided by rumours of intervention by the Bundesbank and the Bank of Japan, and also supportive comments made by the Japanese Finance Masajuro Shiokawa.

Opinion

How to enhance EU cybersecurity

The Hungarian hacking allowed Russian intelligence to read 'over the shoulder' of an EU member state for an extended period of time. The difficulty for the EU is that it's not one nation, but a combination of 27 cybersecurity policies.

Opinion

Competing options for EU enlargement

We now have French president Emmanuel Macron's "European Political Community", European Council president Charles Michel's "European Geopolitical Community", and former Italian PM Enrico Letta's "European Confederation" — among others.

News in Brief

  1. Possible terror attack halts gay pride in Norway
  2. Belgian PM: Gas shortage requires joint response
  3. Bulgarian MPs set conditions for lifting enlargement veto
  4. Latvia: We need a brigade-size Nato force to 'feel safe'
  5. Deal reached on controversial energy treaty reform
  6. EU carbon emissions from energy up 6% in 2021
  7. Germany step closer to gas rationing
  8. Albania: EU 'disgrace' at lack of enlargement progress

Stakeholders' Highlights

  1. Nordic Council of MinistersEmerging journalists from the Nordics and Canada report the facts of the climate crisis
  2. Council of the EUEU: new rules on corporate sustainability reporting
  3. Nordic Council of MinistersNordic ministers for culture: Protect Ukraine’s cultural heritage!
  4. Reuters InstituteDigital News Report 2022
  5. EFBWW – EFBH – FETBBHow price increases affect construction workers
  6. Nordic Council of MinistersNew Nordic think tank examines influence of tech giants

Latest News

  1. EU summit's uncertainty in the face of economic war
  2. Next winter's gas looms large at EU summer summit
  3. Ukraine becomes EU candidate after 120 days of war
  4. How to enhance EU cybersecurity
  5. Competing options for EU enlargement
  6. MEPs demand to exit 'ecocide treaty' after reforms 'fail'
  7. Finland optimistic in Turkey talks over Nato
  8. Hungary's global-tax veto seen as 'blackmail'

Join EUobserver

Support quality EU news

Join us