Published: 15/04/2026 By ECAP
DEAL DRIFT
The British Pound is holding up against the Dollar as sentiment improves, but the move is less convincing elsewhere. Against the Euro, gains have been modest, showing the Pound is not particularly strong on its own. As tensions ease, markets are refocusing on UK-specific issues, including a weaker growth outlook and political uncertainty. That shift is likely to keep Sterling on the back foot despite the improvement in global sentiment.
The Euro is edging higher as optimism around potential talks between the US and Iran continues to build. A softer Dollar is helping support the move, alongside easing energy concerns. That said, progress remains slow and uncertain, so gains are measured rather than aggressive. For now, the Euro is benefiting from improved sentiment, but remains sensitive to any shift in headlines.
The US Dollar remains under pressure as markets move away from safe-haven assets. Hopes that talks between the US and Iran could restart are improving sentiment and pushing oil prices lower, which is weighing on the currency. Recent US data has also come in softer, adding to the move. For now, the Dollar is on the back foot, though still reactive to any change in the geopolitical outlook.
Data supplied by GC Partners