Spectrum Weekly Report

GBP: The British Pound has faced some recent weakness against the Dollar, partly due to a softer U.S. inflation report. However, the overall trend for the Pound remains positive. The UK’s fiscal challenges may lead to some caution among investors, but the Pound’s movement is also influenced by broader global currency trends. Despite short-term fluctuations, the Pound’s outlook remains cautiously optimistic.

EUR: The Euro remained largely steady as investors assessed the European response to new U.S. tariffs on steel and aluminium. The European Commission expressed regret over the tariffs, calling them disruptive, and announced countermeasures, including fresh tariffs on U.S. exports starting next month. The Euro's movement was also shaped by broader global events, including U.S. consumer price data,?influencing market expectations for future economic policies.

USD: The U.S. Dollar firmed after recovering from a five-month low, despite a cooler than expected CPI reading for February. While inflation remains sticky, the softer data gives the Federal Reserve room to potentially cut interest rates. The Dollar was also supported by ongoing tariff concerns, including new duties on steel and aluminium. Attention is now on upcoming PPI data for further insights into inflation and economic direction.

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