09/01/2026
Sterling steadied ahead of the BoE decision, while the Euro softened on weak sentiment data. The US Dollar remains firm amid Fed rate cut speculation and stable macro indicators.
Sterling remains under pressure against the Euro but holds firm versus the Dollar, as BoE and Fed policy expectations diverge.
Markets remain cautious ahead of key US labour and manufacturing data. Sterling is soft across the board as BoE rate cut expectations build.
Heading into August, focus is now on the Fed’s next steps, BoE policy direction, and ECB inflation commentary
Sterling remains under pressure amid expectations of BoE easing, while the Euro finds support from stronger GDP but faces inflation risks. The US Dollar paused its rally after robust data and a hawkish Fed tone, with the market now focused on PCE inflation and Nonfarm Payrolls.
Currency markets are cautious ahead of today’s Fed and BoC rate decisions, with no changes expected but policy tone in focus.