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Market Report : 08.06.2026

Published: 08/06/2026 By ECAP

RISING TENSIONS



The GBP/USD pair recently eased to two-week lows around the 1.3320–1.3340 range. The Pound is facing renewed downside pressure following a stronger-than-expected US employment report.
Ongoing tensions in the Middle East and rising bets of a US interest rate hike provide some support to the US Dollar against the British Pound.



The EUR/USD is currently trading near 1.1510 heavily pressured by stronger-than-expected US employment data and geopolitical tensions pushing capital toward the dollar.
Persistent geopolitical flare-ups weigh on the pair, while reviving the haven demand for the US dollar.




The US Dollar (USD) is currently experiencing renewed strength, driven by a resilient US labor market and escalating geopolitical tensions in the Middle East. Stronger-than-expected Nonfarm Payrolls (NFP) data has led markets to heavily price in potential Federal Reserve interest rate hikes rather than cuts, providing strong support for the greenback.

Data supplied by GC Partners
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