GBP: The British Pound remained steady against its counterparts, trading in a relatively flat pattern at the start of this week as investors grew cautious ahead of the UK’s upcoming Autumn Budget. Concerns are mounting over reports that Chancellor Rachel Reeves may announce significant tax increases on October 30th.

EUR: The Euro weakened against other currencies following data showing that German producer prices dropped more than expected in September, with a 1.4% decline year on year compared to the predicted 1.0%. EUR investors are now turning their attention to a speech by ECB President Christine Lagarde for direction. If her tone is generally dovish, the Euro may face additional losses.

USD: The U.S. Dollar gained slightly during yesterday’s session, bolstered by its ongoing strength as the U.S. presidential election approaches. Polls suggest that former President Donald Trump is gaining momentum, and his proposed tariff and tax policies are expected to maintain high U.S. interest rates while potentially weakening the currencies of trade partners.