Pound Sterling (GBP)

The British Pound has seen a shift in sentiment, pressured by weak economic data and worries about rising government debt. Nevertheless, this downturn could set the stage for a potential rebound. Experts suggest that unexpected positive developments, such as improved economic indicators or more hawkish moves by the central bank, might lend support to the Pound in the near future.

 Euro (EUR)

The Euro edged up slightly following an improvement in German business sentiment, hinting at a gradual recovery in the eurozone economy. However, with the European Central Bank expected to continue cutting interest rates, the currency may remain constrained. Investors are closely monitoring upcoming remarks from ECB President Lagarde, with the Euro likely to trade within a narrow range for now.

U.S. Dollar (USD)

The U.S. Dollar strengthened as trade war concerns and global growth uncertainties enhanced its safe-haven appeal. The Dollar Index rose 0.6%, as market attention turned to the Federal Reserve’s upcoming policy meeting. While the Fed is expected to keep rates unchanged, its commentary on inflation and future rate plans will be a focal point for currency markets in the coming days.