UK/£ faces a busy calendar this week..
| GBP
| The Pound's recovery continues and looks to have now entered a consolidation phase (good news). This can of course change at any moment and the Pound will no doubt be tested in the coming days with a flurry of important UK economic data being released.
Last week, GBP v USD recorded its third weekly gain in the last four and so currently represents much better value than what has been seen so far in 2025. GBP v EUR is back up to where it had 'stagnated' throughout Q4 last year (very favourable levels).
The UK releases plenty of key data this week with the following being able to easily influence the Pounds value; jobs, inflation, retail sales & PMI's.
EUR The Euro has been going backwards versus the Pound, but forwards against the Dollar of late without doing really any of the work itself. With only the PMI's being released this week from the bloc (a direct battle with the UK so a market mover), much of the same is expected.
USD The main news this week will come once again from the geopolitical side of things. Russia has agreed to talks in Saudi Arabia with the US to potentially see an end to the Russia-Ukraine war.
This is good news for the world of course, but without Ukraine or Europe at the negotiating table, the road to peace could be littered with setbacks. The result of the initial meeting will likely impact financial markets with future talks certainly doing the same. Positive news will probably hamper the USD further..
Please check out the main events of the week below..
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