Korea - Lee Jae-myung, António Costa, Ursula von der Leyen and Maros Sefčovic - Photo © European Union 2026

The 11th summit between the EU and South Korea marked a new phase in their strategic partnership, delivering a series of concrete outcomes to enhance economic resilience, security and defence cooperation, research, and the clean energy transition.

Euro - ECB-Photo by Mika Baumeister on Unsplash

The European Central Bank will meet on June 11 to set interest rates, with the market anticipating a 97% chance of a 25-basis point hike from 2% to 2.25%. This potential hike could strengthen the euro, however, the strength of the gain will likely be curtailed if the Middle Eastern conflict persists.