EU leaders agree on a stimulus deal, why has euro not responded?
In this episode, we are looking at the EU’s €750bn recovery plan agreed at the EU summit earlier this week. As put by the EU council president, Charles Michel, it is a ‘pivotal moment in history’ – but does it come at a price? IGTV’s Jeremy Naylor is joined by Martin Essex, analyst and editor at Daily FX. Martin points out that there are now only €390bn in grants rather than originally targeted €500bn. The two discuss the rout between ‘the frugal four’ – Austria, the Netherlands, Denmark, and Sweden – and draw comparisons with 1984, when rebates were at the centre of conversation. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter at @IGTV (https://twitter.com/IGTV) EUR/GBP fundamentals and charts here (https://www.ig.com/uk/forex/markets-forex/eur-gbp?CHID=9&SM=TW&REF=IGTV)