Pound Sterling (GBP)

The British Pound experienced a decline yesterday and this morning, primarily due to disappointing UK economic data. Growth figures for the previous quarter fell short of expectations, highlighting ongoing challenges in manufacturing output. Additionally, market sentiment around the UK’s upcoming Spring Statement has added uncertainty. These factors have weighed on the Pound, making its recent gains against other currencies appear fragile.

Euro (EUR)

The Euro has been under pressure as concerns about slower growth in Europe persist. Yesterday, mixed economic data from Germany provided a slight boost to sentiment, but overall caution remains due to uncertainties surrounding global trade and inflation. Investors are also awaiting key Eurozone PMI surveys later this week, which could provide further direction for the common currency.

U.S. Dollar (USD)

The US Dollar strengthened against major currencies yesterday and continues to hold firm this morning. This rebound follows optimism around potential tariff exemptions announced by President Trump, which boosted market sentiment. However, the Dollar’s performance remains influenced by concerns over US economic growth and inflation risks, with key data releases expected to shape its trajectory in the coming days.