By Robert Howard — Feb 27 - 09:41 AM
• EUR/GBP drops to 0.8250 as Trump tariff news hurts EUR/USD more than GBP/USD
• Trump says Mexico, Canada tariffs to take effect March 4
• 0.8250 is lowest level since Dec 19 (large 0.8245 option expiry Friday)
• On Wednesday, Trump threatened to impose 25% tariff on EU goods imports
• US official says Trump, Starmer to discuss trade in Washington talks later
• 0.8264 (GBP/EUR 1.21) is now a resistance level (0.8265 was low last week)
EURGBP
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters