Monday

19th Feb 2018

Ticker

British pound drops to lowest value since 1985

The British pound continued to drop on Tuesday, two days after the UK's prime minister gave a speech interpreted by many to announce the country is heading towards a "hard" exit from the EU. The British pound has not been this weak since 1985. It fell 0.82% against the dollar, and 0.4% against the euro. A pound is now worth $1.274 and €1.141.

MPs demand Council become more transparent

Three Dutch MPs, on behalf of 26 national parliamentary chambers across the EU, are demanding more transparency. 'The Eurogroup is the most opaque of them all,' complained Dutch MP Omtzigt.

Eurogroup starts process to pick new ECB chiefs

Eurozone finance ministers will pick who they recommend to become the European Central Bank vice-president - the choice is between their Spanish colleague Luis de Guindos, and the governor of the Central Bank of Ireland, Philip Lane.

Agenda

ECB, Budget, EU elections This WEEK

EU leaders will gather to begin talking about the 2019 election process and the post-2020 budget, while eurozone finance ministers will ponder choosing the next European Central Bank deputy chief.

News in Brief

  1. Report: Daimler also cheated with diesel
  2. Bulgarian government condemns far-right march in capital
  3. Latvia's central bank chief under arrest
  4. Merkel: Nord Stream 2 pipeline poses 'no danger'
  5. Spanish king in Barcelona next week
  6. Turkey jails journalists for life
  7. Make budget cuts in farm and regional funds, the Dutch say
  8. UN: Hungary's anti-migration bill is 'assault on human rights'

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Latest News

  1. MPs demand Council become more transparent
  2. Eurogroup starts process to pick new ECB chiefs
  3. 'Fact of life': some EU funding in new tech will get lost
  4. EU asks charities to explain anti-abuse measures
  5. ECB, Budget, EU elections This WEEK
  6. EU states stay mute on implementation of mercury bill
  7. Baltic states demand bigger EU budget
  8. Germany raises concerns over Hungary's 'Stop Soros' bills