Euro (EUR)

EUR/GBP - Today's data summary

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As of 08:03 22 Jul 2019

EUR/JPY - Today's data summary

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EUR/USD - Today's data summary

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Latest updates

Trump takes jab at Draghi

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US President Donald Trump took a jab at the European Central Bank President Mario Draghi on Twitter.

The euro fell on Tuesday after Mr Draghi said "additional stimulus will be required" if inflation does not pick up pace.

"Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA," Mr Trump wrote on Twitter.

"They have been getting away with this for years, along with China and others."

Mr Trump has repeatedly and openly put pressure on the US Federal Reserve to cut interest rates to help support the US economy.

Pound hits five-month low against euro

Pound v euro graph
Pound v euro

The pound has tumbled to a five-month low against the euro today as investors continued to be concerned about the risks of a hard exit from the EU.

The pound dived to €1.1196, its lowest level since mid-January.

“Fears of a disorderly exit could keep the path of least resistance to the downside,” said Charalambos Pissouros, senior market analyst at JFD Group.

The pound has weakened more than 6% against the euro since early May.

Euro hit by Draghi comments

Euro/dollar graphic

The euro has dropped sharply against other currencies after the head of the European Central Bank, Mario Draghi, said the bank could introduce more stimulus measures.

Speaking in Portugal, Mr Draghi said that if eurozone inflation did not return to its target of close to, but below, 2%, the bank could review its options in the "coming weeks".

"In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required," he said.

The stimulus measures could include more asset purchases by the bank or even a cut in interest rates.

"Will use all the flexibility within our mandate to fulfill our mandate – and we will do so again to answer any challenges to price stability in the future," Mr Draghi said.

Against the dollar, the euro reversed earlier gains to stand at $1.1192, down 0.2% for the day.

Eurozone GDP grows 0.4%

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Eurozone GDP rose 0.4% in the first quarter according the EU's statistics office.

That growth figure was 0.5% when all 28 EU countries are included.

It marks an acceleration in growth compared to the previous quarter when GDP climbed by 0.2% in the eurozone and 0.3% across the wider EU area.

Croatia recorded the highest growth, with GDP climbing 1.8% compared to the previous quarter. Hungry and Poland were not far behind, each with a 1.5% increase.

Latvia's GDP fell by 0.1% according to the estimate.

Euro rises on positive data

Those GDP and unemployment figures have given the euro a bump against the dollar.

German inflation data is expected later though, which may ruin the party.


Euro falls on PMI data

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The euro has dropped following the latest eurozone manufacturing data.

The euro is down 0.3% against the dollar at $1.1261.

The euro has fallen against sterling at £0.8643.

Eurozone inflation to rise more slowly: ECB

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Eurozone inflation will rise more slowly in future months, according to a board member of the European Central Bank.

It will take longer to rise as political uncertainty is weighing on growth and the underestimated slack in the labour market, Sabine Lautenschlaeger told Austrian newspaper Der Standard.

“The number of people who lost their jobs in the crisis but never registered themselves as unemployed has been underestimated,” she said.

Pound slides

Brexit clock
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The pound - which is closely tied to the Brexit situation - has fallen in early trading in London.

It lost around 0.3% to $1.3132 and was off 0.7% against the euro at 85.555 pence.

Pound slips despite consumer confidence

Pounds, dollars and euros
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The pound has slipped against the dollar and the euro, despite latest figures showing consumer confidence improved in February.

The pound is now down 0.08% against the dollar at $1.3299.

Sterling is now down 0.38% against the euro at €1.1661.