The Euro (EUR) is trading in a tight range against the British Pound (GBP) after Friday’s positive UK Retail Sales data and a resurgence of tariff uncertainty contributed to global risk sentiment.
The price of Platinum rose significantly this week, as did the price of Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.
The hard data from the US does not yet show any real signs of a drastic economic slowdown as a result of the new US administration's erratic trade and economic policy, although growth in the first quarter surprised on the downside with a contraction, fueling recession fears.