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2025-07-31 17:58:42
[Pound Sterling Takes a Sharp Downturn Against the Euro: Double Impact from the US-EU Trade Deal and UK Fiscal Woes] 1. Monex Europe analysts note that the recent rise in the pound against the euro has begun to retreat, signaling the possibility of further decline. 2. They believe that slowing US economic growth and the UK's own fiscal concerns point to the potential for underperformance of the pound in the future. 3. The pound's previous rise against the euro reflects the UK economy's greater sensitivity to US growth compared to the eurozone. 4. The recently concluded US-EU trade deal has sparked market concerns that Eurozone economic growth could be hit by 15% tariffs. 5. Conversely, the agreement is seen as positive for the US economic outlook as it reduces trade uncertainty. 6. LSEG data shows that the euro hit a near three-week low of £0.8608 against the pound on Wednesday. 7. On July 31, Beijing time, the euro was last trading up 0.3% at £0.8635. 8. This trend suggests that the pound is facing renewed downward pressure due to the complex international trade landscape and diverging growth expectations among major economies.
