Euro bulls are facing the first big test of their conviction in the form of the European Union's U.S. trade deal, which has cast doubt on the durability of one of 2025's most popular trades.

Thousands of fans came out to celebrate England's back-to-back Women's European Champions in London on Tuesday as coach Sarina Wiegman and her players were given a homecoming to remember. England made history by becoming the country's first national soccer team across the men's and women's game to win a tournament on foreign soil with the penalty shootout victory against world champion Spain in Basel on Sunday.

The Women's European Championship in Switzerland broke records for attendance and prize money, while setting the standard for future editions.

The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal between the U.S. and the European Union favoured the former and hardly lifted the economic outlook of the bloc.

Euro falls against dollar, with Trump's tariffs seen as slowing European growth

German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.

After 28 days of world-class football played among the backdrop Switzerland’s beauty, three players at Women’s Euro 2025 showcased everything there is to love about football.Switzerland was a