25/04/2025
Stronger UK retail data has provided a boost to the pound, though gains have been capped by trade-related uncertainty.
While the pound and euro saw brief gains, disappointing UK data and cautious central bank expectations continue to shape sentiment.
The pound has gained ground, especially against the euro, although upcoming PMI figures will be key.
The US dollar remains on the back foot as political instability, criticism of the Fed, and Trump’s tariff policies weigh heavily on sentiment.
Sterling has slipped against both the Euro and Dollar after softer UK inflation data reinforced expectations for a May BoE rate cut.
The US dollar remains under heavy pressure as markets brace for further fallout from President Trump’s trade policies.