Sterling remains relatively elevated despite recent US Dollar strength. This week may make life a bit tougher for Sterling bulls

Gold is likely to struggle to push higher over the coming week after the latest US Jobs Report smashed expectations, paring Fed rate cut expectations.

Euro pessimism drags on as the EU narrowly avoided a recession. ‘US excellence’ is very much alive after NFP, while the pound and yen could aid euro performance

Sterling has benefited from the Bank of England’s clear lack of urgency to move borrowing costs either way. In a data-light week that support will probably stick

The US dollar has benefitted from cooling Fed cut expectations and robust economic data. The greenback’s rise appears likely to continue in a data heavy week

After a neutral ECB meeting on Thursday, next week sees some heavyweight EU economic data hit the screens including GDP, Inflation, and Jobs.

The Pound and the Dollar will both look to their respective central banks this week. Market rate pricing probably poses the biggest risk.

Gold revealed its vulnerability to further selling as a result of renewed vigor from the dollar and US yields. Fed members warn markets about overly optimistic rate cut bets

The ECB policy meeting on Thursday is the ideal place for central bank President Christine Lagarde to start to outline a rate cut timetable. Trouble is the meeting will likely follow the familiar ‘let’s wait and see the data’ script.

The Pound has been quite resilient to economic shocks, probably because they haven’t moved the dial on interest-rate views