Pound Sterling (GBP)

The British Pound has been steadily strengthening against the U.S. Dollar since mid-January, gaining 2.8%. This upward trend may persist as market conditions improve, despite concerns over U.S. tariffs. While the Pound has shown resilience to potential setbacks, risks remain that could limit further appreciation. However, continued market momentum could help sustain its positive trajectory.

 Euro (EUR)

The Euro has experienced mixed trading, supported by improving economic activity in the Eurozone. Although the European Central Bank is expected to cut rates, its cautious stance due to slow inflation progress may restrict further gains. If the ECB maintains its measured approach, the Euro is likely to remain stable.

U.S. Dollar (USD)

The U.S. Dollar faces potential headwinds amid concerns over tariffs and a possible economic slowdown. While recent data indicates stability, the prospect of additional rate cuts remains. If the Dollar weakens, other currencies, such as the British Pound and the Euro, may have opportunities to gain ground in the coming weeks.