05/12/2025
Sterling held firm, supported by upward PMI revisions, though BoE cut expectations capped upside. The Euro regained ground ahead of GDP revisions, while the US Dollar remained pressured by dovish Fed sentiment despite stronger jobless claims.
Sterling extended gains on budget relief and stronger PMI, though BoE cut expectations capped upside. The Euro held firm on robust services data and ECB stability, while the US Dollar remained pressured by weak ADP employment and dovish Fed sentiment.
Sterling extended its relief rally despite dovish BoE expectations, while the Euro firmed on sticky inflation and ECB stability. The US Dollar weakened as Fed cut bets intensified and speculation grew over Powell’s successor.
Sterling traded cautiously on dovish BoE expectations and fiscal headwinds, while the Euro consolidated ahead of key inflation data. The US Dollar steadied on higher yields despite weak ISM manufacturing, with Fed cut bets firmly in place.
Sterling steadied but remains capped by BoE cut expectations, while the Euro consolidated gains ahead of Eurozone inflation data. The US Dollar weakened as dovish bets intensified despite upcoming ISM PMI.
Sterling enters December on firmer footing following the Autumn Budget, while the US Dollar faces renewed downward pressure as easing expectations intensify. EUR, AUD and CHF are well-positioned to benefit if USD weakness extends into year-end.