Pound Sterling (GBP)

The British Pound has recently weakened against the U.S. Dollar but could regain strength if U.S. economic data falls short of expectations or if tariffs on Mexico and Canada are postponed. Conversely, the Pound has performed well against the Euro, maintaining its positive outlook as its upward trend continues. However, potential tariff risks and decisions from the European Central Bank could influence its movement in the coming days.

Euro (EUR)

The Euro has been sensitive to tariff concerns, especially as President Trump proceeds with tariffs on Mexico and Canada, which could further weaken the currency if extended to the EU. A delay or easing of these tariffs, however, could provide some relief. Additionally, the European Central Bank’s upcoming interest rate decisions will be key, as their stance on inflation and economic support could impact the Euro’s trajectory.

U.S. Dollar (USD)

The U.S. Dollar faces uncertainty linked to upcoming tariff decisions involving Mexico, Canada, and China. If President Trump moves forward with tariffs, it could pressure currencies like the Euro, while a delay or relaxation of these measures could weaken the Dollar. In the end, global market sentiment and forthcoming economic data will play a crucial role in shaping the Dollar’s strength.