The Pound Sterling trades marginally lower against its major currency peers, edging down to near 1.3350 against the US Dollar (USD) during the European trading session on Thursday.
TD Securities reports that Norges Bank left its policy rate unchanged at 4.00%, in line with expectations, but shifted guidance toward a base case of at least one rate hike in 2026.
In a post published on Truth Social on Thursday, United States (US) President Donald Trump called Iranian negotiators "very different and strange."
Bank of England (BoE) Deputy Governor for Financial Stability Sarah Breeden stated at a panel discussion during European trading hours on Thursday that the monetary policy should remain steady until the United Kingdom (UK) central bank has sufficient information.
West Texas Intermediate (WTI) US Oil trades around $92.05 on Thursday at the time of writing, up 1.73% on the day, extending its positive bias despite a lack of strong bullish conviction.
The US Dollar (USD) maintains an immediate bullish tone against the Japanese Yen (JPY) on Thursday, extending its rebound from Monday’s lows at 158.00 to levels above 159.50 so far.
Gold price (XAU/USD) is down 2% to near $4,410 during the European trading session on Thursday.
The Euro (EUR) remains practically flat against the US Dollar (USD) at the time of writing on Thursday, consolidating losses from the previous two days.
UOB economist analysts Quek Ser Leang Lee and Sue Ann highlight that EUR/USD failed to sustain recent gains, slipping to 1.1554 as downside momentum picked up. Intraday, they see scope for a further drift toward 1.1530 while keeping 1.1480 intact as major support.
Danske Research Team notes that Riksbank Minutes show a divided board on handling supply shocks, with Seim and Thedéen favouring frontloaded rate hikes, while Jansson, Bunge and Hjelm prefer a gradual, wait-and-see stance.
Rabobank’s Senior FX Strategist Jane Foley notes that despite the Reserve Bank of Australia being the only G10 central bank to hike rates last week, the Australian Dollar has underperformed recently versus peers. She links this to prior outperformance and shifting G10 rate expectations.
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $68.17 per troy ounce, down 4.33% from the $71.25 it cost on Wednesday.
