Published: 08/07/2026 By ECAP
LIMITED DATA
The British Pound remained resilient, supported by easing political uncertainty as confidence grew that a smooth leadership transition would maintain current economic policies. This helped keep the Pound well supported despite a quiet domestic calendar. With little major UK data due, the currency is expected to take its direction from broader market sentiment in the near term, while attention turns to the upcoming Labour leadership nomination process.
The Euro remained under pressure despite stronger than expected German industrial production, as the positive data did little to lift overall sentiment. Broader market trends continued to weigh on the single currency. With little fresh economic data due, the Euro is likely to take its direction from wider market sentiment over the coming days, leaving investors focused on external developments rather than domestic fundamentals.
The US Dollar strengthened as rising tensions in the Middle East prompted investors to seek safer assets, boosting demand for the currency. Attention now turns to the release of the Federal Reserve’s latest meeting minutes, which could provide clues on future interest rate policy. Ongoing geopolitical developments are also likely to influence sentiment, with further escalation expected to support the Dollar’s safe-haven appeal.
Data supplied by GC Partners