Pound Sterling (GBP)

The Pound edged lower against the US dollar yesterday but stayed near its recent highs, reflecting a generally strong performance this month. With few major UK economic updates, the Pound’s movement was mostly influenced by global market trends and anticipation of US economic data.

Euro (EUR)

The Euro has enjoyed a strong April but has recently lost some ground as investors worry about slower growth in Germany and the likelihood of further interest rate cuts in the eurozone. This has made the Euro less appealing compared to a few weeks ago.

U.S. Dollar (USD)

The US Dollar moved slightly higher midweek thanks to improved global market sentiment, but its overall trend remains soft. Recent weak US economic data has increased expectations for interest rate cuts, keeping the Dollar under some pressure.