Archive: https://archive.is/2025.03.07-113105/https://www.ft.com/content/5342aea8-504b-4e54-a70e-54bdc2e63bbd

“Trump has effectively pushed towards European co-operation which none of us had on our bingo cards,” said Adam Pickett, head of global macro strategy at Citigroup. “It’s a game-changer for interest rates going forward . . . the ECB might need to cut less.”

The prospect of faster Eurozone expansion is supporting the single currency just as a string of disappointing US economic data and growing fears over the impact of Trump’s erratic tariff policies have hit the dollar.