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Influence of European currency leading to English anger (8)

Ross

I believe the answer is:

leverage

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'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.
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