Pound Sterling (GBP)

Yesterday, the British Pound faced pressure as economic data and market sentiment weighed on its performance. Sterling remained in a consolidation phase, with traders cautious ahead of key UK economic events this week, including the Spring Statement by the Chancellor. Concerns about slower growth and softer inflation figures have limited demand for the Pound. This morning, the Pound remains subdued, reflecting a lack of significant catalysts to drive upward momentum.

Euro (EUR)

The Euro experienced a mixed session yesterday, stabilising after recent declines driven by geopolitical and economic concerns. Weakness in the Eurozone economy, coupled with uncertainty over potential US tariffs on European goods, has kept the common currency under pressure. This morning, the Euro continues to trade cautiously as investors await further clarity on trade policies and upcoming economic data from the region.

U.S. Dollar (USD)

The US Dollar displayed resilience yesterday despite facing headwinds from escalating tariff tensions and stagflation concerns. Rising US bond yields earlier in the week provided some support, but fears over trade policy disruptions and weaker consumer sentiment have created volatility. This morning, the Dollar remains relatively steady as markets anticipate key US employment data later this week, which could influence its direction.