British shoppers won’t have seen any difference to the value of their pounds yet, but everything from baked beans to bargain holidays could be affected down the line.
Arturo Bris, International Institute for Management Development (IMD)
The greenback has taken a pounding in 2020, but it’s about to make a comeback.
Meeting of the ambassadors of the Committee of Permanent Representatives to the EU to discuss the coronavirus crisis Brussels, 24 March 2020.
European Union
Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
The euro just turned 20.
Marc Osborne/Shutterstock.com
While the euro’s survival for two decades is evidence of its success, it was born with fundamental problems that have weakened it, leading to near-constant crisis.
Economists and Wall Street workers fear a recession is underway.
Reuters/Brendan McDermid
Europe is experiencing a wave of optimism that its seven-year Greek drama may be finally coming to a close. Only one way to do that: Share Greece’s pain.