08/01/2026
Sterling firmed on confirmed Q3 GDP growth, while the Euro held steady after the ECB’s policy pause. The US Dollar softened ahead of Tuesday’s GDP release, supporting AUD and CAD.
Sterling steadied after BoE’s close‑vote cut, with GBP/EUR back above 1.1400 and GBP/USD holding near 1.3380. The Euro extended losses as ECB reaffirmed its cautious stance.
Sterling remained defensive ahead of BoE’s expected cut, while the Euro consolidated near highs before ECB’s meeting. The US Dollar steadied ahead of CPI, with markets cautious on Fed’s path.
Sterling slumped after UK CPI slowed to 3.2%, reinforcing BoE cut expectations. The Euro corrected lower ahead of ECB’s meeting, while the Dollar rebounded on mixed labour data.
Sterling steadied after UK employment data, with stronger wage growth offset by weak labour demand. The Euro consolidated near highs ahead of PMIs and US NFP, while the Dollar remained fragile as markets priced further Fed easing.
Sterling weakened on disappointing GDP data. The Euro held firm near two‑month highs as ECB stability contrasted Fed dovishness.