Pound Sterling (GBP)

The British Pound held steady amid a quiet session lacking UK economic data and marked by cautious sentiment. Local elections in England added pressure, as investors watched for potential political signals. Though not policy-altering, the elections may reflect shifts in public support. With no major data releases, Sterling remains sensitive to political developments and global risk trends.

Euro (EUR)

The Euro has remained well supported against the Dollar by expectations of a faster U.S. slowdown and rising concerns over dollar-based assets. Some analysts are suggesting that trade uncertainty and diverging interest rate paths could favour the Euro for the time being.

U.S. Dollar (USD)

The U.S. Dollar saw some short-term strength, even though the economy unexpectedly shrank a little early this year. Some analysts say this was due to a temporary rise in imports, not a real drop in demand. Still, concerns remain about long-term risks like low investment and unclear economic policies.