Forex - Europe

X Appeals €120 Million EU Fine in First Legal Test of Digital Services Act

X filed three appeals at the EU General Court challenging the first DSA fine — €120M for deceptive blue checkmarks, opaque ads, and blocked researcher access.

British Steel Restarts 24/7 Production for First Time in a Decade After Landing Turkish Rail Deal

British Steel restarts 24/7 rail production at Scunthorpe for the first time in a decade after winning an eight-figure contract to supply 36,000 tonnes for Turkey's Ankara-İzmir high-speed line.

Sterling Slides Below $1.36 as UK Unemployment Hits Five-Year High of 5.2%

Sterling slides to $1.353 as UK unemployment hits 5.2% — a five-year high — with private sector wages at their slowest in five years and markets pricing a 76% chance of a March BoE cut.

The Euro’s Biggest Challenge Just Got Real

European markets face pressure as dollar strengthens amid Trump's expected Fed chair nomination of market-friendly Kevin Warsh.