Influence of European currency leading to English anger (8)

I believe the answer is:

leverage

I'm a little stuck... Click here to teach me more about this clue!

'influence' is the definition.
(thesaurus)

'european currency leading to english anger' is the wordplay.
'european' becomes 'e' (abbreviation e.g. EU).
'currency' becomes 'lev' (I have seen 'Bulgarian currency ' mean 'lev' so perhaps 'currency' could also mean 'lev').
'leading to' says to put letters next to each other.
'english anger' becomes 'rage' (rage is a kind of anger. I am not sure about the 'english' bit.**).
'e' put after 'lev' is 'leve'.
'leve'+'rage'='LEVERAGE'

'of' is the link.

Can you help me to learn more?

(Other definitions for leverage that I've seen before include "Strategic advantage; large Eve (anag.)" , "Purchase" , "Power to influence" , "What crowbar provides" , "Mechanical advantage; influence" .)

I've seen this clue in The Telegraph.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.