FX Viewpoint

23 December 2025

Article

Weekly foreign exchange insights

A weak USD is likely to persist into 2026, providing temporary support for the EUR and GBP
With the ECB expected to maintain its policy rate in 2026, the EUR will be largely shaped by external and fiscal factors
The BoE’s ongoing easing cycle may still weigh on the GBP, particularly against currencies likely to see rate increases

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