GBP: The British Pound has outperformed both the Euro and the U.S. Dollar during the Thanksgiving period, buoyed by stronger UK economic data and favourable interest rate expectations. Despite some volatility due to month-end adjustments, analysts anticipate the Pound will remain supported, with stability around current levels and no changes expected from the Bank of England in December.

EUR: Meanwhile, the Euro is under pressure this morning, driven by political gridlock in France. The government’s failure to meet budgetary targets has heightened the risk of a no-confidence vote, adding to the uncertainty. This has weighed on the Euro, while the Pound-Euro exchange rate has climbed above recent levels, with a potential challenge to 2024 highs contingent on political and budgetary outcomes.

USD: The U.S. Dollar has also shown strength against the Euro, bolstered by recent tariff threats from Trump, as his assertive geopolitical approach supports the greenback. However, despite this rebound, analysts foresee potential resistance ahead, given concerns over future rate cuts and mixed economic data.