EUR News
LAST UPDATE: July 10, 2025
EU seeks trade deal with Trump, others face new tariff notices
The EU is working on a trade deal to stave off potential tariffs under a Trump presidency, while other countries have received fresh U.S. tariff warnings.
Insight
The EU is proactively responding to U.S. protectionism risks, aiming to secure tariff stability and mitigate trade uncertainty ahead of the 2025 U.S. election.
Bank of England Warns of Gilts Risk From Hedge Fund Leverage
The BoE cautioned that high leverage by hedge funds in gilt markets could trigger forced selling, destabilizing bond prices.
Insight
This highlights the central bank’s concern over shadow banking risks, signaling that non-bank leverage could spill into sovereign debt instability.
BOE to Review Bank Capital Rules for First Time Since 2019
The BoE will review bank capital buffer requirements for the first time since 2019 to assess overall resilience.
Insight
Signals a proactive recalibration of regulatory guardrails amid evolving global macro risks.
UK Steel Industry Urges Action as Trump’s Tariff Deadline Passes
UK steelmakers called for swift action after the U.S. deadline passed, warning that tariffs could double from 25% to 50%.
Insight
Highlights urgent trade uncertainty; sector under pressure and may need strong governmental intervention.
Most UK companies would withstand sharply higher tariffs, Bank of England says
BoE analysis suggests most UK firms could absorb steep tariff increases with minor profit and borrowing impact.
Insight
Shows corporate resilience but uneven exposure suggests some industries may still require targeted support.
Starmer and Macron agree on need for new migrant deterrent, UK says
PM Starmer and President Macron backed a “one-in, one-out” policy to curb Channel crossings, ahead of a joint summit.
Insight
Marks a strategic bilateral move to manage migration, illustrating increased UK-France cooperation.
Keir Starmer refuses to rule out extending tax-band freeze
Starmer declined to rule out freezing income tax thresholds beyond 2028 to address a £20–30 bn fiscal gap.
Insight
Suggests a potential stealth tax strategy via fiscal drag, which may spark political debate on tax transparency.
Orban Escalates Fight With EU Over Confidence Vote, Fiscal Fixes
Orban intensified his dispute with the EU, calling for von der Leyen’s removal and challenging fiscal oversight.
Insight
Reflects deepening EU political tensions that may jeopardize cohesion on budget and reform initiatives.
EU lawmakers reject attempt to curb far right’s sway on climate talks
The European Parliament blocked fast-tracking limits on far-right influence in climate negotiations, affecting 2040 targets.
Insight
Indicates rising political fragmentation that could weaken the EU’s climate policy and leadership.
