EUR/GBP holds steady as markets await ECB, BoE policy decisions

EUR/GBP trades around 0.8640 on Tuesday at the time of writing, virtually unchanged for the day, as investors remain on the sidelines ahead of the European Central Bank (ECB) and the Bank of England (BoE) monetary policy decisions due on Thursday.

EUR/USD: Sentiment-led recovery extends – Scotiabank

Scotiabank’s FX team highlights a modest Euro gain versus the Dollar, with EUR/USD supported after Monday’s bullish reversal. The pair is shrugging off weak German ZEW data as sentiment and elevated yield spreads underpin the Euro.

TRY: High energy sensitivity and policy pressure – BNP Paribas

BNP Paribas underlines Türkiye’s acute sensitivity to higher energy prices and exchange rate moves. The report notes a large energy deficit, strong exchange rate pass‑through and a sharp rise in local yields, as markets price faster monetary tightening.

JPY: Two way economic risk for Japanese Yen – Rabobank

Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) dynamics around upcoming G10 central bank meetings and potential Bank of Japan policy shifts. Foley notes Governor Ueda’s hawkish tone, ongoing BoJ tightening expectations despite higher energy costs.