The Pound Sterling (GBP) remains under pressure heading into 2026 amid flat UK growth and the Bank of England’s ongoing easing cycle.

The price of Silver is currently skyrocketing. Yesterday, the price reached a new record high of $64.3 per ounce, Commerzbank's commodity analyst Carsten Fritsch notes.

Lower European Gas prices (TTF) are having an impact: according to an analysis of ship tracking data by Bloomberg, LNG shipments from Qatar have recently been diverted away from Europe to India, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Federal Reserve (Fed) President of the Bank of Cleveland, Elizabeth Hammack, said on Friday that the lack of data during the shutdown made it harder to read inflation. She also said that she is very grateful that the government data returned.

Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that the rate cuts have ‘taken out some insurance’ against job market risks and that the current Fed policy, ‘somewhat restrictive,’ should moderate inflation at the Delaware State Chamber of Commerce, in Wilmington, on Friday.

Canada Wholesale Sales (MoM) registered at 0.1% above expectations (-0.1%) in October

Canada Building Permits (MoM) above forecasts (-1.2%) in October: Actual (14.9%)

Canada Capacity Utilization below expectations (79.3%) in 3Q: Actual (78.5%)

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Friday that waiting would have provided the benefit of the updated economic data, and most data show stable economic growth, with the labor market only moderately cooling.

Russia Foreign Trade dipped from previous $13.595B to $11.143B in October

United Kingdom NIESR GDP Estimate (3M): -0.1% (November) vs previous 0%

Mexico Industrial Output (YoY) registered at -0.4% above expectations (-2.4%) in October

India Bank Loan Growth increased to 11.5% in November 24 from previous 11.4%

USD/CNH continues to drift lower amid a softer US Dollar (USD) and another strong CNY fix, with the PBoC guiding the RMB along a controlled appreciation path.

The Nasdaq 100 is stabilizing after breaking its descending channel and retaking the 50-DMA, but momentum is capped near the 25,890 gap, Société Générale's FX analysts note.

United Kingdom Consumer Inflation Expectations dipped from previous 3.6% to 3.5%

Recent policy meetings suggest China has moved away from tariff-related emergency response mode. Upgrading and rebalancing gaining importance in the policy agenda to foster self-sustained growth.

Brent is drifting toward October’s $60.10 support, with only limited rebound potential amid persistent failure at the 200-DMA, Société Générale's FX analysts note.

China New Loans up to 390B in November from previous 220B

China M2 Money Supply (YoY) fell from previous 8.2% to 8% in November

Spain Consumer Price Index (MoM) in line with expectations (0.2%) in November

Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0%) in November

Spain Consumer Price Index (YoY) meets forecasts (3%) in November

Spain Harmonized Index of Consumer Prices (YoY) registered at 3.2% above expectations (3.1%) in November

France Inflation ex-tobacco (MoM) declined to -0.2% in November from previous 0.1%

United Kingdom Total Trade Balance: £-4.824B (October) vs previous £-1.094B

United Kingdom Trade Balance; non-EU down to £-10.255B in October from previous £-6.816B

Turkey Current Account Balance came in at $0.457B, above forecasts ($0.4B) in October

United Kingdom Index of Services (3M/3M) below forecasts (0.1%) in October: Actual (0%)

United Kingdom Trade Balance; non-EU down to £-10.255B in October from previous £-6.816B