GBP: Yesterday, the British Pound experienced mixed trading as the absence of UK economic data shifted investor focus to the upcoming Autumn Budget. Markets remain concerned that the budget, set to be revealed later this month, may include tax hikes and spending cuts. For now, UK data is scarce, with the next major release being the latest British GDP figures due tomorrow.

EUR: The Euro saw a brief rally during early European trading yesterday, driven by better-than-expected German trade data. The figures showed a larger-than-anticipated increase in Germany’s trade surplus for August, with exports continuing to grow unexpectedly. However, expectations of a potential ECB interest rate cut limited further gains for the common currency.

USD: The U.S. Dollar dipped slightly during Asian trading but stayed near the seven-week highs reached earlier this week. Looking ahead, attention is on inflation data due out later in the day, which is likely to influence the Federal Reserve’s interest rate decisions. The data is expected to reveal a slight decline in headline CPI inflation, while core CPI remains stubbornly high.