EUR/GBP trades in a tight range on Thursday, with subdued price action as traders refrain from placing aggressive directional bets amid uncertainty over whether the US-Iran ceasefire will hold.
MUFG’s Head of Research Derek Halpenny notes the US Dollar has stabilised after a modest rebound as markets reassess the fragile Middle East ceasefire and its impact on risk sentiment.
Russia Central Bank Reserves $ down to $767.5B from previous $775.4B
The United States' (US) real Gross Domestic Product (GDP) expanded at an annual rate of 0.5% in the fourth quarter of 2025, the US Bureau of Economic Analysis' (BEA) third estimate showed on Thursday.
ING’s Francesco Pesole sees limited further downside in EUR/GBP after the cross fell to 0.870 on Sterling’s (GBP) sensitivity to the equity rally.
Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 2.8% in February, the US Bureau of Economic Analysis (BEA) reported on Thursday. This print came in line with the market expectation.
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens filing new applications for unemployment insurance increased to 219K for the week ending April 4.
United States Core Personal Consumption Expenditures (QoQ) meets expectations (2.7%) in 4Q
United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q
United States Personal Spending in line with expectations (0.5%) in February
United States Gross Domestic Product Price Index below forecasts (3.8%) in 4Q: Actual (3.7%)
United States Continuing Jobless Claims came in at 1.794M below forecasts (1.84M) in March 27
