Switzerland SVME - Purchasing Managers' Index above expectations (47.9) in January: Actual (48.8)

Feb 2, 2026

EUR/GBP Price Forecast: Euro hovers above a key support area, at 0.8645

The Euro is showing a mild upside bias against the British Pound on Monday, but maintains its broader bearish trend intact. The pair trades at the 0.8665 area at the time of writing, but remains unable to take off from a key support area at 0.8645.

USD: Strengthening against G10 currencies – UOB Group

The US Dollar showed strength against all G10 currencies following President Trump's nomination of Kevin Warsh as the next Fed Chair. This nomination is perceived as a move that may enhance central bank independence and ease concerns over the Dollar's depreciation.