The UK is still fighting with Brexit settlements Giles Coghlan LLB, Lth, MA HYCM
The European Recovery Fund has actually been taken by the market as an extremely positive sign on European solidarity. As an outcome, the chances of the eurozone breaking up are now lowered as the countries pull together to support the economy via the fund. There is a strong call option alter on heavy EURUSD choices, so more EUR strength is prepared for by the market. The UK, on the other hand, is still battling with Brexit negotiations.