GBP shows rebound potential but lacks momentum; falling below 1.2580 could hinder reaching the 1.2730 target.
Donald Trump will address the media, attend a Cabinet Meeting, and sign executive orders throughout the day.
USD/JPY nears 149.40 as traders await Japan’s economic data; BOJ rate hikes and US yields rise.
January inflation was 2.5%, aligning with RBA’s target. Rate cuts remain unlikely. AUD fluctuated, Chinese equities gained.
CPI rose to 0.3%, EUR/USD recovered, gold stabilised, Maker gained 12%, and upcoming reports focus on inflation.
Swati Dhingra will discuss trade fragmentation and monetary policy at NIESR on 26 February 2025.
USD steadied as markets watched Trump’s tariff policy. EUR/USD lost momentum, while USD/JPY dropped before rebounding.
Japan Post plans to sell shares, reducing its stake below 50%, enhancing flexibility, and supporting governance reforms.
EUR/GBP declines as Germany’s confidence falls; ECB rate cuts expected; UK plans major defence spending increase.
Standard Chartered predicts Bitcoin may drop to the low $80,000s amid market pressures and cryptocurrency selloff concerns.
