Published: 17/06/2026 By ECAP
LOOMING EVENTS
The British Pound traded cautiously as investors looked ahead to a busy week of UK events, with the Makerfield by-election attracting particular attention alongside key economic releases and the Bank of England’s policy decision. Higher than expected inflation provided some support for the Pound, reinforcing expectations that borrowing costs could remain elevated. However, market sentiment remained measured as traders awaited political and economic developments that could influence the outlook for the UK economy.
The Euro found support after a stronger than expected survey showed improving investor confidence in Germany’s economy. The data suggested growing optimism about the economic outlook despite ongoing global uncertainties and high energy costs. Attention is now turning to upcoming Eurozone inflation data and comments from central bank officials, which could provide further insight into the region’s economic prospects and future policy direction.
The US Dollar steadied after recovering from earlier losses linked to optimism over a proposed US-Iran peace agreement. Investors remained cautious as they awaited further details on the deal and monitored regional developments. The currency also drew support from expectations that the Federal Reserve will keep interest rates unchanged while maintaining a firm stance on inflation. Attention is now focused on the Fed’s policy decision and any signals on the future direction of monetary policy.
Data supplied by GC Partners