Published: 26/02/2025 By ECAP
The British Pound is showing positive momentum, with analysts predicting further gains in the short term. In fact, economic factors, such as growth expectations and shifts in global financial conditions, are supporting the Pound’s value. This shift is encouraging a more positive outlook for the currency, with analysts expecting continued upward movement as the broader economic environment evolves and market sentiment improves.
The Euro faces potential volatility due to upcoming economic data from the Eurozone. As the region navigates challenges, market sentiment remains cautious. While the Euro has shown resilience, uncertainties about economic performance and the impact of fiscal policies could lead to fluctuations. Ultimately, investors will be closely watching the data releases for insights into the Eurozone's economic outlook.
The U.S. Dollar fell to an 11-week low amid growing concerns about a slowing economy and trade tensions. Weaker than expected consumer confidence and worries about private consumption led investors to expect interest rate cuts, pressuring the greenback. Despite President Trump's tariff threats, which usually support the Dollar, they failed to offset the economic concerns.
Data supplied by GC Partners