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Trump's EU tariffs could boost UK manufacturing — CNBC

The UK may regain some of its former prominence as a European manufacturing hub if Donald Trump implements proposed 30% tariffs. Alex Altmann of Lubbock Fine suggests the UK's available production capacity could attract EU-based companies looking to avoid steep US tariffs.

Today at 9:32 AM
European Union. Retail Sales (YoY). The value of the indicator has increased from 1.9% to 2.3%

An increase of the indicator value may contribute to the rise in quotes of EUR.

6 June
European Union. Employment Change (QoQ). The value of the indicator has decreased from 0.3% to 0.2%

A decrease of the indicator value may contribute to the fall in quotes of EUR.

6 June
European Union. GDP (QoQ). The value of the indicator has increased from 0.3% to 0.6%

An increase of the indicator value may contribute to the rise in quotes of EUR.

6 June
ECB officials plan to pause rate cuts at July meeting — Bloomberg

European Central Bank (ECB) officials plan to halt the cycle of interest rate cuts at their next meeting on July 23–24. Bloomberg notes that this decision is due to growing economic uncertainty amid US President Donald Trump's tariff policy.

6 June
ECB officials plan to pause rate cuts at July meeting — Bloomberg
ECB cuts interest rate and signals potential pause — Reuters

The European Central Bank (ECB) cut its deposit rate for the eighth time in a year, lowering it from 2.25% to 2.0%, Reuters reports. This level is in the middle of the "neutral" range, meaning it neither stimulates nor restrains the economy.

6 June
ECB cuts interest rate and signals potential pause — Reuters
Germany. Germany Trade Balance. The value of the indicator has decreased from €21.2B to €14.6B

A decrease of the indicator value may contribute to the fall in quotes of EUR.

6 June
European Union. ECB Marginal Lending Facility. The value of the indicator has decreased from 2.65% to 2.4%

A decrease of the indicator value may contribute to the fall in quotes of EUR.

5 June
European Union. ECB Interest Rate Decision. The value of the indicator has decreased from 2.4% to 2.15%

A decrease of the indicator value may contribute to the fall in quotes of EUR.

5 June
European Union. Deposit Facility Rate. The value of the indicator has decreased from 2.25% to 2%

A decrease of the indicator value may contribute to the fall in quotes of EUR.

5 June
German factory orders growth continues despite US tariff policy

Germany's industrial sector has demonstrated surprising strength, continuing to secure new orders even after the imposition of trade tariffs by US President Donald Trump. According to Destatis, the Federal Statistical Office, the volume of factory orders rose by 0.6% in April.

5 June
German factory orders growth continues despite US tariff policy

The European currency is one of the world's major monetary units. It has a crucial role to play in the global economy. Market participants constantly need to identify trends and forecast fluctuations in the euro exchange rate in order to make reasonable trading decisions.

Key drivers of the euro are the following:

  • Macroeconomic indicators such as consumer price indices (CPI), estimates of gross domestic product (GDP), and central bank decisions;
  • Political variables such as geopolitical stability and government policies.

Market manipulation by large investors has a significant impact on the exchange rate of the European currency. Their actions can both stabilize and greatly shake the money market. These may include:

  • large injections or withdrawals of currency from the market;
  • change in the general mood among investors, which often depends on economic and political conditions.

Investment activity monitoring can help to understand and predict trends in the movement of the European currency rates.

Forecasting the value of the euro is a challenging task. There are many reasons for this, including geopolitical and economic risks that make foreign exchange markets particularly susceptible to change. Minor political instability or financial crisis in certain countries may have a significant impact on the value of the European currency, emphasizing the need to carefully consider these factors when developing investment strategies.

Successful trading the Eurozone currency requires a comprehensive approach. Analyzing global political and economic circumstances, taking into account the influence of traders, and assessing risks are integral parts of the decision-making process for opening trading positions.