FXEM - EMPIRE MARKETS - Company New Article

The British pound reached 1.2945 as markets await new economic data that could influence its direction against the dollar. The pair remains influenced by expectations regarding the Bank of England's upcoming decisions, as well as any developments in US monetary policy.

• Upward scenario: If the pair succeeds in surpassing 1.2980, it may target 1.3020 and then 1.3050.
• Down scenario: A break of 1.2900 could push the pair towards 1.2860, with the possibility of continuing the decline to 1.2820.

Investors remain awaiting any new signals from UK and US economic data that could determine the next direction for the pound.

The euro is trading at 1.0893 against the dollar, amid market anticipation of European and US economic data, which could impact monetary policy directions for both sides.

• Upside scenario: A break above 1.0920 could push the euro towards 1.0950 and then 1.0985.
• Bearish scenario: If the support at 1.0870 is broken, the pair could decline towards 1.0840 and then 1.0800.

Investors are closely monitoring any statements from the European Central Bank or influential US data that could change the euro's trajectory in the near term.