Pound Sterling (GBP)

The British Pound is struggling against the U.S. Dollar, failing to gain strong momentum after a brief recovery. Despite some positive UK data, the Pound remains under downward pressure due to weak market enthusiasm and global economic headwinds, leaving its near-term outlook uncertain.

Euro (EUR)

The Euro has softened against multiple currencies amid cautious market sentiment. While downside risks are somewhat contained, the Euro remains vulnerable, especially if expectations for additional easing by the European Central Bank continue to grow.

U.S. Dollar (USD)

The U.S. Dollar has gained strength recently, fuelled by solid economic data that highlights rising inflationary pressures and a resilient economy. These reports have reduced expectations for a Federal Reserve rate cut before July, reinforcing the “higher for longer” rate outlook and driving the Dollar’s rally since October 2024.