Oliver Mangan: German and French elections may weigh on euro
German Chancellor Angela Merkel. Potentially difficult elections in Germany and France, this year and next, could weigh on the euro.
The main currency pairs have been confined to remarkably tight trading ranges in recent times.
Virtually all the movement in the key euro-dollar exchange rate has been in the $1.17-$1.23 corridor over the past year. Following a bounce at the start of 2021 in the aftermath of the Brexit trade deal, sterling has traded within a very tight 85p-87p band against the euro since mid-February.
