Euro hits six-month high; Sterling falls

'More consistent upward move euro has seen in years'

The euro hit a six-month high versus the US dollar on Tuesday after the region produced stronger-than-expected economic data.

According to the Telegraph, eurozone PMI surveys showed the bloc's firms are on their strongest run since 2011, hitting a score of 56.8. On the news, the euro rose to $1.127, a 6.5% rise since the beginning of April highlighting the continuing progress of the region as political worries wane. Jordan Hiscott, chief trader at ayondo markets, said: "The performance of the euro versus the US dollar has been nothing short of impressive, especially since Donald Trump's policy of high public spending has strengthened the dollar in the last few months. European politics: A distraction or d...