FXEM - EMPIRE MARKETS - Company New Article

The British pound posted solid gains, supported by improved sentiment surrounding the UK economy, particularly following strong services sector data. A weaker US dollar also contributed to the currency’s strength.

Outlook: As long as the pair remains above 1.28, the upward trend is likely to continue, especially if upcoming data maintains a positive tone.

The euro recorded modest gains, benefiting from the dollar's decline and easing expectations of aggressive monetary tightening by the European Central Bank. Traders are awaiting clearer signals from ECB officials regarding inflation and growth.

Outlook: Stability above 1.10 may allow for further upside, particularly if upcoming economic releases support the bullish sentiment.