EUR/BWP Price & Performance (EURBWP)

The EUR/USD pair has seen a decline for three consecutive sessions, slipping to 1.0796 after reaching a five-month high of 1.0955 last week. This drop follows the announcement of fiscal stimulus in Germany, which failed to sustain the Euro's gains. Analysts warn of further downside if the pair breaches the 1.0800 support level.123

The British pound rose 0.45% to $1.2973 on Monday, supported by stronger-than-expected services sector data. However, upcoming fiscal challenges, including potential public sector cuts, loom over the spring budget update. The market remains cautious as the UK Treasury aims to avoid surprises in its statement.456

The US dollar gained traction as risk-averse sentiment bolstered its safe-haven appeal. This comes despite lingering concerns over the impact of President Trump’s upcoming tariff measures. Market participants are also eyeing PMI data for further indications of economic momentum, as recession fears persist.678