EUR/USD rises above 1.1250 amidst USD weakness, FTSE 100 also shows potential for gains

From Investing.com: 2025-05-20 08:33:00

EUR/USD rose above 1.1250 for a second day amidst USD weakness following Moody’s downgrade. Concerns over US debt pile and tax cut bill causing USD to fall to a 12-day low. German PPI drops 0.9% YoY, signaling potential ECB rate cut in June. ECB policymaker Schnabel says disinflation on track, but tariffs could pose risks. FTSE rises above 8700, led by Greggs and Diploma earnings. Diploma lifts guidance, Greggs reports strong revenue growth. Vodafone shares muted after revenue growth above estimates, but Germany weakness drags on results. FTSE technical analysis shows potential for further gains towards 8900.



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