London — European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank. A one-month high for oil and bounce in the dollar had triggered Asia’s best session in weeks overnight but Europe struggled to maintain the momentum early on. The euro and Spanish stocks and bonds all saw a soft start as one of the most outspoken critics of Mariano Rajoy’s ruling party and Spain’s austerity policies returned to front the opposition Socialists. Britain’s pound was also in the firing line, back below $1.30, as polls showed the country’s election race tightening and its chief Brexit negotiator again threatened to walk away from EU exit talks unless the bloc eased its demands. "Last week was all about US uncertainty but we have had a reminder that Europe still has plenty of uncertainty too," said Alvin Tan at Société Générale. The dollar, meanwhile, pulled off a ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.