Published: 26/06/2026 By ECAP
SPENDING CONTINUITY
The British Pound was steady on Thursday, supported by easing concerns over the UK’s political outlook. Investors took comfort from signs that expected Prime Minister Andy Burnham could stick to existing spending rules, helping calm market nerves. With little economic data due, attention is likely to remain on UK politics, as any further hints about the government’s plans could influence confidence in the Pound.
The Euro came under pressure on Thursday after weaker than expected German consumer confidence figures suggested households remain cautious despite a slight improvement. The disappointing data weighed on sentiment, although losses were limited by broader market conditions. With no major economic releases ahead, the Euro is likely to take its direction from overall investor confidence and developments in global markets.
The US Dollar traded unevenly on Thursday but regained support after stronger than expected economic growth and persistent inflation reinforced confidence in the US economy. The data increased expectations that interest rates could rise later this year, boosting demand for the currency. Looking ahead, broader market sentiment may drive movement, with investors likely to favour the US Dollar during periods of uncertainty.
Data supplied by GC Partners