Germany’s trade surplus in March added optimism to the euro zone economy recovery. The volume of exports and imports also exceeded expectations, indirectly indicating the consumption growth.
The pound plummeted on Tuesday, as the prospect of Britain triggering its exit from the European Union weighed on global markets, while demand for the dollar remained underpinned ahead of an expected FED rate hike on Wednesday.
Dollar made a U-turn after dipping to 97.50 level as the investors remain optimistic about the FED, gaining 0.38% during the London trading.
The gloomy anticipations over the Hard Brexit fallout rose once again with the statement of UK Ministry of Finances estimating the blow to the UK economy from 38B to 66B pounds in a year.