GBP/USD is flat ahead of Wednesday’s budget – Scotiabank

The Pound Sterling (GBP) is entering Monday’s NA session flat against the US Dollar (USD) as it attempts to consolidate its modest recovery from last week’s low, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.

UK/US yield spreads have recovered

"Domestic risk is elevated as we look to the release of the government’s latest budget, scheduled for Wednesday. There are no major data releases scheduled for this week, and the BoE calendar includes two speaking engagements from doves Greene and Dhingra."

"UK/US yield spreads have recovered following their pullback from late October, offering the GBP some support through its month-to-date stabilization above 1.30."

Nov 24, 2025

EUR steadies on as-expected IFO business sentiment figures – Scotiabank

The Euro (EUR) is steady, up modest 0.2% against the US Dollar (USD) as it attempts a tentative recovery from last Friday’s low, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report, Scotiabank's FX strategists Shaun Osborne and Eric Theoret report.

USD/CAD holds near two-week highs as firm Dollar offsets rising Fed cut bets

The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, as the Greenback holds firm despite rising Federal Reserve (Fed) rate-cut expectations.