Pound (GBP)
The only notable UK release this week is the final GDP reading for the fourth quarter of 2025. Should the figures confirm that the UK economy expanded by just 0.1% at the end of last year, the pound (GBP) may come under pressure.
Euro (EUR)
The euro (EUR) is likely to take its cue from the Eurozone’s preliminary consumer price index for March. If tensions in the Middle East contributed to a rise in inflation, expectations of a European Central Bank (ECB) interest rate increase in April could provide support for the single currency.
US dollar (USD)
Friday brings the publication of the latest US non-farm payrolls report. If job creation was weak in March, following February’s notable drop, concerns over the strength of the US labour market may bolster expectations of a Federal Reserve rate cut this year, which could weigh on the US dollar (USD).
Australian dollar (AUD)
The Australian dollar (AUD) may encounter pressure this week if the minutes from the Reserve Bank of Australia’s (RBA) latest policy meeting reveal a more dovish tone among policymakers.
South African rand (ZAR)
Investors in the South African rand (ZAR) will be watching the country’s latest trade data. If the figures show the trade surplus widened as forecast, ZAR could find support.
Canadian dollar (CAD)
The Canadian dollar (CAD) may face challenges this week, with GDP data expected to indicate a sluggish start to 2026 for the Canadian economy. That said, any continued rise in oil prices may help to support the ‘loonie’.
New Zealand dollar (NZD)
The New Zealand dollar (NZD) could weaken this week amid forecasts of a drop in business confidence for March, particularly if the Middle East conflict triggered a larger-than-expected decline.
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