The pressure on the euro and British pound continued on Wednesday, with Russia's cutting off natural-gas supplies to Poland and Bulgaria further fanning...
The pressure on the euro and British pound continued on Wednesday, with Russia’s cutting off natural-gas supplies to Poland and Bulgaria further fanning worries about economic growth.
The pound GBPUSD traded at $1.2567, down... The pressure on the euro and British pound continued on Wednesday, with Russia’s cutting off natural-gas supplies to Poland and Bulgaria further fanning worries about economic growth. As the Federal Reserve plans to ratchet up interest rates, investors are betting both the European Central Bank and Bank of England won’t be able to keep up. Russia’s war on Ukraine also hits the European economy more than the U.S. one given the proximity as well as Europe’s reliance on Russian energy supplies.
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