ECB’s Gabriel Makhlouf won’t comment on April rate cut; markets anticipate 65% probability amid economic developments.
EUR/GBP fell below 0.840 but may exceed 0.845. UK inflation steady; gilt market remains cautious.
Market sentiment remains positive; S&P 500 futures rise, dollar declines, and US stocks aim higher.
The Federal Reserve kept rates at 4.25%-4.5%, projecting a 2025 cut. Powell emphasized caution on reductions.
UK Services PMI exceeds expectations at 53.2, while Manufacturing PMI lags at 44.6. Growth remains modest.
USD rises as tariff deadline nears; exemptions possible; market sentiment uncertain; resistance at 104-105, support at 102.50.
Swiss National Bank sight deposits dipped slightly to CHF 440.4 billion, while domestic deposits saw a small increase.
USD showed support after a weak start, with consumer confidence and PCE data key for future performance.
Germany’s March manufacturing PMI rose to 48.3, while services PMI fell to 50.2, signaling mixed economic momentum.
France’s March flash services PMI rose to 46.6, while manufacturing PMI reached 48.9. Business activity remains weak.
Insights 
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