03/10/2024
GBP remains under pressure due to expectations of more aggressive rate cuts from the BoE, while the US Dollar is benefiting from safe-haven flows and solid economic data.
USD remains strong amid geopolitical tensions and focus on key employment data
Across the board, the strength of the US Dollar remains a key factor as the Federal Reserve maintains a cautious but hawkish stance.
The Pound continues to hold ground against both the Euro and the Dollar, while the Euro and US Dollar are poised for more volatility pending key economic releases and central bank speeches.
The Euro continues to struggle against both the Pound and the Dollar due to dovish ECB expectations, while the Pound holds steady against the Euro and USD, supported by a more measured BoE policy outlook
The BoE’s cautious approach to rate cuts has supported the Pound across most pairs.