GBP: The British Pound weakened slightly against most of its counterparts yesterday due to a lack of significant data, leaving it exposed to changes in market sentiment. Nonetheless, the factors that recently boosted the Pound remain intact, including a cautious approach to interest rate cuts by the Bank of England, driven by persistent services inflation and steady economic growth in the UK.

EUR: The Euro gained slightly against most of its peers yesterday, benefiting from a shift in market sentiment that favoured safe-haven assets over riskier ones. However, the Euro’s gains are limited as a lack of economic data from the Eurozone makes it vulnerable to the region’s gloomy economic outlook.

USD: The U.S. Dollar continued to decline yesterday, extending losses from the previous session as it struggled to find support. This is despite the release of the latest U.S. GDP data tomorrow, expected to show a robust 3% growth for the second quarter, could help stabilise the Dollar.