Currencies Direct: IMF UK growth upgrade lifts sterling sentiment
EWU•Currencies Direct said sterling sentiment firmed, citing closer UK-EU ties expectations and an IMF upgrade to the UK’s 2026 growth forecast.
1. Sterling sentiment firms
Currencies Direct flagged a firmer tone for sterling, citing renewed expectations for closer UK-EU ties and an IMF upgrade to the UK’s 2026 growth forecast.
2. Other currencies move
The euro remained under pressure from France’s debt concerns and political debate over €43 billion in proposed spending cuts. The dollar drew early safe-haven support tied to Red Sea energy flows and a fragile Russia-Ukraine energy ceasefire; the Canadian dollar tracked higher oil prices, while the Australian dollar firmed after central bank minutes signaled openness to further rate hikes.
