Pound Sterling (GBP)

The British Pound continues to weaken, hitting its lowest levels in months. This decline is mainly due to disappointing UK economic data and growing expectations that the Bank of England will cut interest rates. Poor retail sales and job numbers have hurt investor confidence, especially with worries about the country’s financial direction. As the economy slows and the Bank of England becomes more cautious, the Pound is likely to stay under pressure.

Euro (EUR)

The Euro is staying strong as the European Central Bank suggests it’s done cutting interest rates for now. Economic signals across the Eurozone — like steady PMI data and slight improvements in German business confidence — show slow but steady growth. Thanks to stable policies and consistent performance, the Euro is holding near its highest levels in months.

U.S. Dollar (USD)

The U.S. Dollar gained slightly on Friday but still faces pressure, as markets expect the Federal Reserve to keep interest rates unchanged at the next meeting. Recent gains were supported by positive developments in trade talks with the EU and China, along with confidence that Fed Chair Jerome Powell will serve his full term. Still, overall market sentiment remains cautious, with ongoing worries about inflation and the Fed’s independence.