GBP: Holding steady for the time being – ING

Pound Sterling (GBP) can start to underperform through March, but one has to be patient, ING's FX analyst Chris Turner notes.

GBP/USD might not hold onto gains in the high 1.26 area

"This week UK Prime Minister Starmer will be meeting Trump in Washington and presumably be generating some warm headlines after the UK committed to increasing defence spending by 2027. The UK is seen as a relative outperformer when it comes to a trade war and EUR/GBP risks are probably still skewed lower in the short term."

"However, we still like a lower GBP/USD and doubt it holds onto gains in the high 1.26 area."

Feb 26, 2025

Oil prices drop sharply due to deterioration in risk sentiment – Danske Bank

Oil prices dropped sharply yesterday, where Brent plunged below USD74/bbl, Danske Bank's analyst Jens Nærvig Pedersen notes.

AUD/USD: Expected to trade in a 0.6325/0.6365 range – UOB Group

Australian Dollar (AUD) is expected to trade in a 0.6325/0.6365 range vs US Dollar (USD). In the longer run, upward momentum has largely faded; AUD is likely to consolidate between 0.6280 and 0.6410 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.