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ECB President Christine Lagarde urged the European Commission to dismantle internal trade barriers, warning they stifle competitiveness.
EU policymakers are still working on the digital euro's legislative framework, but the ECB says it could be ready by mid-2029.
The EU Commission estimates it would cost between €2.8 and €5.4 billion to roll out the digital euro across the whole Euro area.
Global markets were mixed overnight with US futures edging lower as investors turn their attention to the latest ECB rate decision this afternoon in Frankfurt.
The euro has surged to 1.0850 against the dollar, erasing post-Trump election losses after a 4.4% weekly gain—its strongest since 2009. While Germany’s fiscal overhaul fuels...
The euro declined against the US dollar to its lowest level since November 2022. The dollar soared after the Federal Reserve delivered its third rate cut...
The European Central Bank (ECB) is expected to announce a 0.25% rate cut this week, marking the third reduction this year. Key economic data from China,...
The minutes from the Federal Reserve's July meeting indicate that the bank is likely to begin cutting interest rates in September. Markets will closely watch the...
The FTSE 100 wins out to become Europe's biggest equity market once more as sell-offs due to French political uncertainty lead to heavy losses in France.
