Published: 21/05/2026 By ECAP
FURTHER DATA
The British Pound held steady after UK inflation slowed in April, as investors remained focused on concerns that price pressures could rise again later this year. Expectations that the Bank of England may raise interest rates helped support confidence in the Pound. Upcoming business activity data from the UK could influence sentiment further, particularly if the services sector continues to show resilience despite signs of a slowdown.
The Euro traded in a narrow range as investors weighed signs that inflation pressures in the Eurozone may remain elevated. Support came from stronger factory price data in Germany, though confidence in the currency stayed limited amid mixed market sentiment. Attention is now turning to upcoming business activity and consumer confidence figures, which could shape expectations for the region’s economic outlook if growth remains weak and household morale deteriorates further.
The US Dollar remained supported by cautious investor sentiment as ongoing tensions in the Middle East encouraged demand for safer assets. Concerns over instability in the Gulf and uncertainty surrounding diplomatic efforts kept markets on edge. However, gains were limited as investors awaited signals from the Federal Reserve on future policy plans. Upcoming US business activity data could provide further direction if the economy continues to show resilience.
Data supplied by GC Partners