03/10/2025
GBP is under pressure from weaker-than-expected UK PMI data, while the Euro is buoyed by a modest recovery in manufacturing. The US Dollar has softened slightly amid mixed Fed signals and falling Treasury yields, while the Australian Dollar is supported by solid domestic data.
The Euro is weighed down by expectations of further ECB rate cuts, while the Pound faces pressure from anticipated BoE easing. The US Dollar continues to benefit from political uncertainty and strong Treasury yields.
The Euro faces significant downside risks as the ECB leans towards further easing, while the US Dollar continues to benefit from geopolitical uncertainty and strong bond yields. The Pound and Australian Dollar remain vulnerable to broader market shifts, with technical indicators suggesting limited upside potential for both
The ECB and BoE are expected to continue easing, putting pressure on the Euro and Pound, while the US Dollar remains supported by expectations of a gradual Fed easing cycle.
GBP outperformed due to unexpectedly strong Retail Sales data, while the Euro struggled under the weight of another ECB rate cut and weak economic indicators.
The FX market remains dominated by anticipation of central bank actions, with the ECB expected to cut rates further, pressuring the Euro. Meanwhile, the Pound is weighed down by easing inflation in the UK and rising expectations of a rate cut from the Bank of England.