Spectrum Weekly Report

GBP: The British Pound hit a two-year high against the euro on Friday as investors weighed recent retail figures from the UK. However, the British Pounds remains close a one-month low against the U.S. Dollar as markets turned more dovish on the Bank of England’s monetary policy outlook while sealing in a smaller interest-rate cut by the US Federal Reserve.

EUR: The Euro is struggling to garner investor attention this morning following last week’s ECB interest rate decision. In fact, with a lack of relevant economic data releases scheduled for today, the bloc’s single currency is likely to remain on the back foot as markets continue to digest the latest ECB monetary policy meeting.

USD: The U.S. Dollar fell slightly in Asian trade but remained close to its strongest levels since early-August. The recent rally came as the greenback was boosted by increasing conviction that U.S. interest rates would fall at a slower pace than initially expected, especially as recent data showed the U.S. economy remained strong.

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