Published: 12/06/2026 By ECAP
LOOMING UNCERTAINTY
The British Pound (GBP/USD) is trading around 1.3400, caught in a modest bearish trend. Sterling remains under pressure as the US Federal Reserve maintains interest rates due to persistent US inflation, which contrasts with comparatively softer UK rate expectations and recent domestic GDP contractions.
The EUR/USD is facing selling pressure as the US Dollar rebounds. The Euro is struggling to break past major descending trendlines. Macroeconomic uncertainty—particularly regarding Federal Reserve interest rates and geopolitical factors—continues to support the Greenback, keeping the pair within a bearish structure.
The US Dollar (USD) is displaying surprising near-term resilience, holding firm against major currencies. This strength is driven by sticky US inflation and geopolitical tensions that support safe-haven demand.
Data supplied by GC Partners