Published: 17/02/2025 By ECAP
The British Pound has strengthened recently, supported by optimism over a potential resolution to the war in Ukraine. This has helped it recover against both the Dollar and the Euro. The Pound’s momentum is further aided by diminishing concerns over tariffs, and it’s likely to experience volatility in the near term, influenced by upcoming economic data and geopolitical developments. The outlook remains positive, contingent on broader market conditions.
The Euro is likely to experience volatility based on upcoming economic data from the Eurozone, including reports on growth, inflation, and employment. These key indicators will help shape market expectations for the region’s economic health and influence the Euro’s performance. Strong results could support the Euro, while weaker data may lead to short-term setbacks, impacting the currency’s movement.
The U.S. Dollar has weakened recently, impacted by diminishing concerns over tariffs and shifting geopolitical developments. Hopes for peace in Ukraine have reduced the Dollar’s strength, while markets are less responsive to tariff news. The Dollar faces downward pressure from these factors, and despite upcoming economic data, its broad weakness against other currencies, like the Euro and Sterling, remains a key theme.
Data supplied by GC Partners