The British Pound remains confined to narrowing ranges against the United States Dollar in a market where volatility has plummeted.

The weekly gold candle shows a restrictive range of just $25 as the precious metal looks for a driver to help break its current lethargy

ECB governing council members reiterated a lack of urgency to cut interest rates despite improved wage growth data. Lack of bullish euro drivers suggest vulnerability

The last few sessions have seen data showing the UK in recession, and some more hopeful signs that it might already be coming out. There’s less to look forward to this week, but that might not be bad news for Sterling.

Hotter-than-expected PPI figures on Friday added to stubborn CPI data on Tuesday, setting up the dollar for a positive week. Weekly and daily charts conflict for gold and silver

The ECB is looking increasingly likely to the be the first major central bank to start cutting interest rates, and this will affect the value of the single currency

The Pound has been quite resilient through some conflicting UK economic news but there’s much less on the coming week’s slate

Next week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release

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.