Nationalist and far-right parties’ popularity has risen across Europe after they stopped campaigning to dismantle the EU and its common currency. Their new strategy: Join forces to gain influence within Europe’s institutions. Photo: Getty Images
Fears of a global economic slowdown and trade tensions have weighed on markets in recent days. Investors in Europe have an added dimension of worry: political risk.
European Union elections, in which antiestablishment parties could gain a stronghold in the bloc, and the planned departure of Prime Minister Theresa May in the U.K., have helped send the euro and the pound sharply lower against the dollar. The euro traded for $1.11 on Friday, near the lowest level since June 2017.