Germany GfK Consumer Confidence Survey below expectations (-19.3) in July: Actual (-20.3)

Jun 26, 2025

USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD

The USD/CNH pair attracts fresh sellers following the previous day's modest uptick and touches a fresh year-to-date low, around the 7.1525 area during the Asian session on Thursday. Moreover, a bearish technical setup backs the case for further near-term depreciation for spot prices.

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Jun 26, 2025

EUR/GBP loses ground below 0.8550 ahead of BoE’s Bailey speech

The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England’s (BoE) Governor Andrew Bailey speech later on Thursday.

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Germany GfK Consumer Confidence Survey below expectations (-19.3) in July: Actual (-20.3)

USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD

EUR/GBP loses ground below 0.8550 ahead of BoE’s Bailey speech