GBP: On Friday, the British Pound reached a two-year peak against the euro as investors considered the latest UK retail data. However, it remains near a one-month low against the U.S. Dollar due to a shift towards a more dovish stance on the Bank of England’s monetary policy outlook, while a smaller rate cut by the U.S. Federal Reserve has been confirmed.

EUR: The Euro is struggling to attract investor interest this morning after last week’s European Central Bank (ECB) interest rate decision. With no significant economic data releases expected today, the Euro is likely to remain under pressure as markets continue to interpret the outcomes of the recent ECB policy meeting.

USD: The U.S. Dollar saw a slight dip in Asian trading but stayed close to its highest levels since early August. The recent surge was driven by growing confidence that U.S. interest rates would decrease more slowly than initially predicted, particularly as recent data indicated the U.S. economy’s resilience.