Germany GfK Consumer Confidence Survey came in at -24.1, above expectations (-25.8) in February

Jan 28, 2026

Silver Price Forecast: XAG/USD remains above $115.00 due to safe-haven demand

Silver price (XAG/USD) continues its winning streak for the fifth consecutive session, trading around $115.10 per troy ounce during the early European hours on Wednesday. Safe-haven silver rises toward its January 26 record high of $117.74 as investors shifted into defensive assets.

GBP: Firm amid rising shop prices – Scotiabank

Sterling remains firm, holding just under its recent high as UK shop prices rise, according to Scotiabank's Daily FX Update by Shaun Osborne and Eric Theoret. The report notes that markets are not pricing in further Bank of England easing until mid-year, reflecting a shift in easing risk.