The British Pound (GBP) trades slightly firmer against the Japanese Yen (JPY) on Wednesday after the Bank of England (BoE) decided to keep interest rates unchanged at 4.0%, in line with market expectations.

USD/CAD weakens on Thursday, trading around 1.4100 at the time of writing, down 0.1% on the day after hitting a seven-month peak at 1.4140 in the previous day.

The New Zealand Dollar is failing to capitalise on the increasing appetite for risk and a somewhat softer US Dollar, and trades without a clear bias on Thursday, as the reversal from 0.5670 highs has been contained above 0.5650 so far.Kiwi trimmed some losses on Wednesday, bouncing up from seven-mon

The AUD/USD pair edges higher to near 0.6505 during the European trading session on Thursday. The Aussie pair ticks up as the US Dollar (USD) extends its correction amid rising United States (US) economic concerns due to the ongoing federal shutdown.

ruled out

EUR/JPY trades without a clear trend on Thursday, hovering around 177.00, virtually unchanged on the day. The pair remains stable after the release of mixed data from both the Eurozone and Japan, maintaining a fragile balance between the two currencies.

US Dollar (USD) could trade in a range between 153.30 and 154.40. In the longer run, USD appears to have entered a 152.40/154.40 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The current price movements are likely part of a range-trading phase between 0.5640 and 0.5680. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY is consolidating above 153.50, just shy of its recent high near 154.50, BBH FX analysts report.

Australian Dollar (AUD) is expected to consolidate in a range of 0.6485/0.6525. In the longer run, outlook for AUD is negative now, but last month’s low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Slowing downward momentum suggests Pound Sterling (GBP) is likely to continue to trade in a range, expected to be between 1.3030 and 1.3090. In the longer run, GBP is still negative, but further downside may be limited.

Eurozone Retail Sales (YoY) meets forecasts (1%) in September

Eurozone Retail Sales (MoM) below forecasts (0.2%) in September: Actual (-0.1%)

USD/JPY rebounded to trade closer to 154, after trading briefly below 153 overnight. Pair was last seen at 153.54 levels. The rebound overnight tracked UST yields higher, after US data surprised to the upside, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/USD remains in undervaluation territory, with the USD’s strength looking stretched relative to fundamentals, leaving room for near-term stabilization and a modest rebound, ING's FX analyst Francesco Pesole notes.

Silver (XAG/USD) appreciates for the second consecutive day on Thursday, reaching session highs above $48.70, supported by a slight pullback in the US Dollar.

European Central Bank’s (ECB) executive board member Isabel Schnabel said in the ECB Conference on Money Markets 2025 in Frankfurt on Thursday that the neutral monetary policy stance allows the central bank to tilt the new structural securities portfolio towards shorter-term securities.

The Pound Sterling (GBP) trades cautiously against its major currency peers on Thursday ahead of the Bank of England’s (BoE) monetary policy announcement at 12:00 GMT.

EUR/USD posts moderate gains for the second consecutive day on Thursday, trading at 1.1505 at the time of writing, up from the three-month lows at 1.1468 hit earlier this week.

The Bank of England (BoE) will announce its latest policy decision on Thursday, marking its seventh rate meeting of 2025.

The USD/CAD pair declines to near 1.4100, snapping the five-day winning streak during the early European session on Thursday. A recovery in crude oil prices underpins the commodity-linked Canadian Dollar (CAD) against the Greenback.

The NZD/USD pair posts modest losses near 0.5660 during the early European session on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the downbeat jobs report supported the case for a rate cut from the Reserve Bank of New Zealand (RBNZ) this month.

The USD/CHF pair struggles to extend its over-a-week-long rally above the 11-week high of 0.8125 posted on Wednesday. During the late Asian trading session, the Swiss Franc pair trades marginally down to near 0.8095.

EUR/GBP rebounds and targets highs since May 2023, trading around 0.8810 during the Asian hours on Thursday. The currency cross gains ground ahead of German Industrial Production and Eurozone Retail Sales data for September due later in the day.

The GBP/JPY cross struggles to capitalize on the previous day's solid recovery from the 199.00 neighborhood, or an over one-month low, and oscillates in a narrow band during the Asian session on Thursday.

The EUR/JPY cross trades with mild gains near 177.15 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid improved risk sentiment.

The Indian Rupee (INR) opens on a slightly positive note against the US Dollar (USD) on Thursday after Indian markets remained closed on Wednesday on the occasion of Prakash Gurpurb Sri Guru Nanak Dev.

GBP/USD extends its gains for the second successive session, trading around 1.3060 during the Asian hours on Thursday. The pair holds gains as the Pound Sterling (GBP) receives support ahead of the Bank of England’s (BoE) interest rate decision due later in the day.

The EUR/USD pair gains traction to around 1.1505 during the Asian trading hours on Thursday. Improved risk sentiment provides some support to the riskier assets such as the Euro (EUR). Traders brace for German Industrial Production and Eurozone Retail Sales later on Thursday.

The Japanese Yen (JPY) attracts some buying during the Asian session on Thursday and, for now, seems to have stalled its sharp retracement slide from the weekly low touched against a bullish US Dollar (USD) the previous day.