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Euro steadies against Pound Sterling as traders await UK GDP verdict
The Euro (EUR) steadies against the Pound Sterling (GBP) on Wednesday, with EUR/GBP trading flat near the 0.8540 zone after two consecutive declines.
British Pound: Improving sentiment supports gains against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is posting fractional gains versus the US Dollar (USD) and outperforming G10 peers as improving sentiment supports price action.
Canadian Dollar steadies as US inflation meets expectations, Oil limits downside
USD/CAD trades around 1.3915 on Wednesday at the time of writing, virtually unchanged on the day with a modest decline of 0.06%.
Brazil: Lula victory could deepen fiscal risks - Societe Generale
Societe Generale analysts Brendan McKenna and Dev Ashish outline scenarios for Brazil’s 2026 election, assigning a 65% probability to President Lula winning a fourth term and 30% to Flavio.
United Kingdom: Resilience tested as data mixed – Rabobank
Rabobank's Senior FX Strategist Jane Foley reviews recent United Kingdom (UK) data against Eurozone performance. Foley notes Eurozone Q2 Gross Domestic Product (GDP) at 0.4% q/q and a 0.7% UK upturn in the three months to May.
Euro remains little changed as US CPI fails to surprise the markets
EUR/USD trades around 1.1550 on Wednesday at the time of writing, up a modest 0.08% on the day.
United States Consumer Price Index Core s.a increased to 336.789 in July from previous 336.065
United States Consumer Price Index Core s.a increased to 336.789 in July from previous 336.065
United States Consumer Price Index n.s.a (MoM) below forecasts (333.99) in July: Actual (333.92)
United States Consumer Price Index n.s.a (MoM) below forecasts (333.99) in July: Actual (333.92)
United States Consumer Price Index ex Food & Energy (MoM) in line with expectations (0.2%) in July
United States Consumer Price Index ex Food & Energy (MoM) in line with expectations (0.2%) in July
United States Consumer Price Index ex Food & Energy (YoY) in line with expectations (2.5%) in July
United States Consumer Price Index ex Food & Energy (YoY) in line with expectations (2.5%) in July
Canada Building Permits (MoM) above forecasts (1%) in June: Actual (18.5%)
Canada Building Permits (MoM) above forecasts (1%) in June: Actual (18.5%)
United States Consumer Price Index (YoY) meets forecasts (3.4%) in July
United States Consumer Price Index (YoY) meets forecasts (3.4%) in July
United States Consumer Price Index (MoM) meets expectations (0.1%) in July
United States Consumer Price Index (MoM) meets expectations (0.1%) in July