Over the last week, the Euro has had an unpredictable trading week. After evading President Trump’s aluminum and steel tariffs, the Euro was looking on the up by the end of last week.
Since June 2017, EUR/GBP dropped to its lowest level around the BOE meeting; EUR/JPY too fell to its lowest since August 2017.
This week’s economic calendar is looking light as we near in on the Easter weekend. However, due to the continuing trade tensions between China, the US and the EU, it seems this week will also be unpredictable for EUR/JPY and EUR/USD. Based on the comments from London and Brussels regarding Brexit, the risk for EUR/GBP remains.