09/01/2026
Sterling weakened on disappointing GDP data. The Euro held firm near two‑month highs as ECB stability contrasted Fed dovishness.
Sterling weakened on disappointing GDP data, with GBP/EUR breaking below 1.1400 and GBP/USD easing to 1.3375. The Euro held firm near two‑month highs as ECB stability contrasted Fed dovishness.
Sterling held firm near 1.3400 but GBP/EUR softened as BoE divisions weighed. The Euro consolidated near highs after Fed’s dovish cut, though risk aversion capped gains.
Sterling gained modestly on hawkish BoE remarks, while the Euro held firm on stronger German data and ECB caution. The US Dollar traded subdued ahead of the Fed decision, with markets pricing a December cut.
Sterling traded cautiously as BoE cut expectations weighed, while the Euro held firm on stronger German data and ECB hawkish tone. The US Dollar remained defensive ahead of key labour data and tomorrow’s Fed decision.
Sterling consolidated ahead of BoE and Fed decisions, while the Euro gained on stronger German data and hawkish ECB tone. The US Dollar remained pressured as markets priced a December Fed cut.