United States (US) President Donald Trump said to the United Kingdom (UK) Daily Telegraph that he is strongly considering pulling the US out of the North Atlantic Treaty Organization (NATO). Trump added that he always knew NATO was a 'Paper Tiger'.
MUFG’s Head of Research Derek Halpenny warns that the Pound’s (GBP) strong March performance looks vulnerable. He links Sterling’s gains mainly to yields, while highlighting the UK’s rising energy import dependency, shrinking refinery capacity, and risks of refined fuel shortages.
Rabobank’s Global Daily notes US Treasury yields have fallen for two sessions as Fed Chair Powell downplayed the need for rate hikes and markets reassessed inflation risks.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $74.48 per troy ounce, down 0.88% from the $75.14 it cost on Tuesday.
ING analysts Ewa Manthey and Warren Patterson note that Oil prices, including Brent and WTI, have dropped below $100 as US President Trump signalled a possible end to the war with Iran.
EUR/GBP trades around 0.8725 on Wednesday at the time of writing, down 0.10% on the day.
The Indian Rupee (INR) bounces back against the US Dollar (USD) on Wednesday after a holiday due to the Shri Mahavir Jayanti the previous day.
Eurozone Unemployment Rate above expectations (6.1%) in February: Actual (6.2%)
Greece Unemployment Rate (MoM) up to 8.5% in February from previous 7.7%
DBS Group Research economist Radhika Rao notes Eurozone inflation accelerated to 2.5% year-on-year in March 2026, mainly on higher energy costs, while food and core pressures stayed moderate.
The Euro (EUR) accelerated its recovery against the Japanese Yen (JPY) on Wednesday, reaching session highs above 183.80, from 182.65 lows on Monday, fuelled by the release of stronger-than-expected Eurozone manufacturing figures and a brighter market mood.
The EUR/USD pair extends Tuesday’s recovery on Wednesday, trading 0.3% higher to near 1.1600 during the European session. The major currency pair gains as demand for safe-haven assets has diminished due to increased hopes of a ceasefire in the Middle East.
