euro

European markets ended Tuesday lower as concerns over Cyprus and uncertainty over the European debt crisis weighed on investor confidence.

John Taylor, founder of the $3bn FX Concepts fund, has predicted the pound will rally from here against the euro after its recent fall, as attention returns to the eurozone.

European bond and stock markets saw a sharp sell-off on Monday after a shock result from the Italian election, where no political group managed to win a majority vote.

Aberdeen Asset Management is to introduce hedged share classes on two of its bond funds in a move to reduce currency volatility.

The eurozone crisis is now over and investors must start adding cyclical risk back into their portfolios, according to Neptune's head of European equities Rob Burnett.

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

US treasury 10 year yields have climbed past 2% for the first time in nine months, as better than expected data in the US helped bolster risk asset sentiment.

The pound has fallen to a fresh low below €1.20 for the first time in over nine months.

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

Private bank and wealth manager C. Hoare & Co has shifted its asset allocation focus from the US to Europe for 2013 ahead of an expected boost for the single currency.