Pound (GBP)
The outcome of the Gorton and Denton by-election is expected to be a major driver for the pound (GBP) this week, as a significant setback for Labour could revive political uncertainty surrounding Prime Minister Keir Starmer’s leadership.
Euro (EUR)
Germany’s flash inflation figures for February will attract particular attention from EUR investors this week, with the euro (EUR) likely to gain traction if inflationary pressures in the Eurozone’s largest economy show further signs of strengthening.
US dollar (USD)
Fresh uncertainty surrounding US trade policy could create headwinds for the US dollar (USD) this week, after the Supreme Court overturned the previous IEEPA framework and President Donald Trump responded by introducing a universal 15% tariff, leaving markets cautious toward the ‘greenback’.
Australian dollar (AUD)
Australia’s latest monthly CPI release will be closely monitored this week. Persistently strong inflation could reinforce expectations for additional tightening from the Reserve Bank of Australia (RBA) and provide support for the Australian dollar (AUD).
South African rand (ZAR)
Attention among ZAR investors will turn to Finance Minister Enoch Godongwana’s forthcoming budget announcement. Evidence of fiscal consolidation and improved growth prospects could help underpin the South African rand (ZAR).
Canadian dollar (CAD)
Canada’s upcoming GDP release is likely to serve as the primary source of movement for the Canadian dollar (CAD) this week. Forecasts pointing to a slight economic contraction in the final quarter of 2025 may place downward pressure on CAD sentiment.
New Zealand dollar (NZD)
With limited domestic data scheduled for release, movement in the New Zealand dollar (NZD) may instead track broader market sentiment this week, particularly as renewed uncertainty surrounding US trade policy risks generating volatility for the ‘kiwi’.