The single currency made gains against both sterling and the US dollar yesterday, though this was more down to their respective weaknesses rather than euro strength. The euro gained ground against the pound following the release of UK inflation numbers, while the political events in the US weakened the dollar.
Yet again the Trump administration failed to get their health care bill through the Senate. Question marks have now resurfaced regarding whether the major infrastructure projects and growth projections promised during Trump’s election campaign are likely to become a reality.
With the eurozone being far more stable than the UK and US the single currency continues to profit. It is difficult to see this changing anytime soon.