Spectrum Daily Report

GBP: The British Pound fell to its lowest level against the U.S. Dollar since early July, affected by broader market trends following Donald Trump's election victory. Meanwhile, the Pound held steady against the euro, benefiting from European political instability. Ultimately, the Pound's decline reflects global economic shifts and market expectations of inflation and rate changes.

EUR: The Euro has faced pressure recently, with political instability in Germany and strained trade relations with the U.S. weighing on the currency. As the eurozone grapples with these challenges, expectations are growing that the ECB?may adopt a more aggressive rate-cutting stance, further dampening the Euro's prospects. Ultimately, in contrast to the Pound, the Euro struggles to attract investor confidence due to these economic and political uncertainties.

USD: The U.S. Dollar strengthened to a one-year peak, poised for its sixth consecutive week of gains. The rally was fueled by expectations of continued U.S. inflation and dovish comments from Federal Reserve Chair Jerome Powell, reducing market bets on imminent rate cuts. Ultimately, this drove the dollar index higher, up between 1.6% and 2% for the week.

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