This week is set to be another volatile one in the financial markets. Following the recent passage of President Trump’s significant tax bill, markets now find themselves in an intriguing position, with traders weighing both economic optimism and geopolitical uncertainties.
As we move through the week, several key data releases and political developments will likely drive market sentiment.
Currently, GBPEUR is trading around the 1.15 level, having gradually drifted lower in recent sessions. In contrast, GBPUSD remains resilient, holding above 1.36. It’s worth noting that this divergence, lower GBPEUR and higher GBPUSD; may well continue as a broader trend, particularly if European data continues to disappoint or geopolitical concerns persist.
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