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The British Pound gained substantial strength against the US Dollar, lifted by weakness in the greenback due to trade tensions, shifting investor sentiment, and concerns over U.S. economic policies. Analysts see potential for continued gains, supported by the UK’s lower exposure to tariff risks and the improving global market sentiment. While resistance may slow momentum, Sterling remains well-supported and could see further upside in the near future.

 

The Euro strengthened midweek, benefiting from a weakening U.S. Dollar and steady Eurozone PMI data, despite a dip in the services sector. Unlike the UK, where PMI dropped sharply, the Eurozone’s stability supported the single currency. Investors also showed interest in the Euro amid signs of U.S. capital repatriation. Looking ahead, Germany’s Ifo index may influence the Euro, depending on the strength of upcoming economic indicators.

 

The U.S. Dollar continues to face mounting pressure from multiple fronts, including concerns over the economic impact of tariffs, political interference in monetary policy, and fears about the stability of US assets. As investor confidence erodes, the Dollar has struggled despite occasional rebounds. Ultimately, analysts now see structural risks and a long-term downtrend emerging, fuelled by global shifts away from US dominance and toward alternative reserve currencies.