Euro and pound rise as US shutdown ends—but relief may be short-lived

Markets breathed a sigh of relief as Trump signed a temporary funding bill. But will the rebound last—or is this just a pause in the storm?

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2025 November 14 . 11:17 AM

1 min read

In this picture, we see the coin in gold and brown color. We see some text written as "The United... — In this picture, we see the coin in gold and brown color. We see some text written as "The United States Of America". It might be a money coin. In the background, it is brown in color and it looks like a carpet.

Euro and pound rise as US shutdown ends—but relief may be short-lived

The euro and the British pound both strengthened against the US dollar on Thursday. This came after President Donald Trump signed a temporary financing law, ending a 43-day US government shutdown. The euro climbed above the $1.16 mark, reaching a two-week high of $1.1619. This was despite analysts at Landesbank Hessen-Thüringen (Helaba) not expecting significant impulses from the shutdown's resolution. The British pound also gained against the US dollar in morning trading, despite weak economic data. The longest partial shutdown of the United States government ended early Thursday morning, with Trump signing the temporary funding bill to officially resume federal government operations. While the shutdown's end brought some relief to markets, analysts do not anticipate major momentum from the resolution. Economic data is expected to remain subdued due to the shutdown's impact on United States government economic statistics.