GBP: The British Pound remained stable following yesterday’s warning that UK debt could triple over the next 50 years. The Office for Budget Responsibility projected that the UK’s debt could reach 270% of GDP by the latter half of the century. With little significant UK data expected today, the Pound is unlikely to see much movement for the rest of the session.

EUR: The Euro remained subdued yesterday after the European Central Bank implemented its second interest rate cut of the year. Since markets had already anticipated the cut, its impact on the Euro was limited, even with the bank lowering its growth forecasts. Today, the focus shifts to the release of the latest Eurozone industrial production figures.

USD: The US Dollar is poised for modest weekly losses – marking its second consecutive week in the red – as investors maintained expectations of interest rate cuts, despite strong inflation data earlier this week. While inflation initially led to increased bets on a 25-basis point cut by the Fed, weaker labour market data revived speculation of a 50-bps cut.