Published: 14/04/2026 By ECAP
CALMER TONE
The British Pound has recovered well against the Dollar as sentiment improves and energy prices ease back. The move has been driven more by a softer Dollar than any real strength in the UK outlook. Against the Euro, it’s less convincing, with the pair drifting lower. With markets refocusing on the UK’s economic backdrop and political risks, the Pound may struggle to hold onto recent gains.
The Euro is edging higher as the Dollar weakens and sentiment improves slightly. Hopes that talks between the US and Iran could continue are helping calm markets, even if no deal is in place yet. That said, gains remain measured, with energy risks still in the background. For now, the Euro is benefiting from the softer Dollar but isn’t showing strong independent momentum.
The US Dollar is softer as markets move back towards riskier assets. Signs that talks between the US and Iran are ongoing have helped ease immediate fears, pushing oil lower and reducing demand for safe-haven currencies. Despite this, the move is controlled rather than aggressive, as uncertainty remains. For now, the Dollar is on the back foot, but still sensitive to any shift in headlines.
Data supplied by GC Partners