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EUR/USD consolidates weekly gains above 1.0900
EUR/USD hit a fresh daily low of 1.0916 on Friday. It is down for the day, hovering around 1.0935. Despite this, the pair is up almost 200 pips from a week ago and is on track to post its biggest weekly gain in months. This boost is largely due to a weaker US Dollar across the board, following the Fed and ECB meetings.
GBP/USD heads for highest weekly close since April 2022
The Pound continues to outperform ahead of the release of UK inflation data and the Bank of England meeting next week. The GBP/USD is trading above 1.2820 and is on track to post its strongest weekly close in over a year. EUR/GBP has fallen to its lowest level since August 2022.
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