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Fed: Growth upgrade delays rate cuts – Societe Generale
Societe Generale economist Jan Groen notes that strong January US labour data have led the bank to upgrade its US growth outlook for 2026 and beyond.
Fxstreet
Thu, Feb 12
NZD: Limited upside as RBNZ lags RBA cycle – BNY
BNY’s EMEA Macro Strategist Geoff Yu argues that NZD should not be treated as a simple proxy for AUD despite renewed G10 policy divergence after the RBA hike.
AUD/NZD
NZD/USD
Fxstreet
Thu, Feb 12
NOK: Rate cuts sidelined as inflation climbs – Nordea
Nordea’s Chief economist Kjetil Olsen argues that Norges Bank can no longer justify further rate cuts as Norwegian inflation trends higher and remains well above target. Underlying inflation is around 3.5%, while unemployment has edged lower and growth has picked up.
USD/NOK
Fxstreet
Thu, Feb 12
CHF: Inflation risks tilt higher on Oil – Commerzbank
Commerzbank’s Michael Pfister expects Swiss core inflation to remain unchanged in January, in line with Bloomberg consensus, as the core rate has been moving sideways for months.
USD/CHF
Fxstreet
Thu, Feb 12
EUR/GBP: Staying bullish after weak UK GDP – ING
ING strategist Francesco Pesole notes the UK economy ended 2025 on a weak footing, with softness in construction and business investment. With the Bank of England already aware of this slowdown, upcoming jobs and inflation data are seen as key.
EUR/GBP
Fxstreet
Thu, Feb 12
US: NFP rebound supports gradual recovery view – Standard Chartered
Standard Chartered’s Steve Englander and Dan Pan highlight that the latest US Nonfarm Payrolls report showed an unexpected labour-market pick-up, with accelerating job gains and a lower unemployment rate.
Fxstreet
Thu, Feb 12
GBP/JPY remains subdued around 208.50 following disappointing UK GDP data
GBP/JPY remained in the negative territory after paring daily losses, trading around 208.60 during the early European hours on Thursday.
GBP/JPY
Fxstreet
Thu, Feb 12
BoC: Holding bias intact with modest growth – RBC Economics
RBC Economics’ Claire Fan notes that Canadian GDP growth has softened slightly into late 2025, leading to a downgrade of Q4 growth to flat, though real per-capita GDP is still expected to improve into 2026. Trade-exposed manufacturing remains weak, but broader spillovers are limited.
Fxstreet
Thu, Feb 12
United Kingdom Gross Domestic Product (YoY) came in at 1% below forecasts (1.2%) in 4Q
United Kingdom Gross Domestic Product (YoY) came in at 1% below forecasts (1.2%) in 4Q
Fxstreet
Thu, Feb 12
United Kingdom Total Trade Balance increased to £-4.34B in December from previous £-6.116B
United Kingdom Total Trade Balance increased to £-4.34B in December from previous £-6.116B
Fxstreet
Thu, Feb 12
United Kingdom Index of Services (3M/3M) registered at 0%, below expectations (0.2%) in December
United Kingdom Index of Services (3M/3M) registered at 0%, below expectations (0.2%) in December
Fxstreet
Thu, Feb 12
United Kingdom Gross Domestic Product (YoY) came in at 1.3%, above expectations (1.2%) in 4Q
United Kingdom Gross Domestic Product (YoY) came in at 1.3%, above expectations (1.2%) in 4Q
Fxstreet
Thu, Feb 12
United Kingdom Gross Domestic Product (QoQ) came in at 0.1% below forecasts (0.2%) in 4Q
United Kingdom Gross Domestic Product (QoQ) came in at 0.1% below forecasts (0.2%) in 4Q
Fxstreet
Thu, Feb 12
United Kingdom Goods Trade Balance below forecasts (£-22.7B) in December: Actual (£-22.72B)
United Kingdom Goods Trade Balance below forecasts (£-22.7B) in December: Actual (£-22.72B)
Fxstreet
Thu, Feb 12
United Kingdom Trade Balance; non-EU: £-10.99B (December) vs £-11.457B
United Kingdom Trade Balance; non-EU: £-10.99B (December) vs £-11.457B
Fxstreet
Thu, Feb 12
United Kingdom Industrial Production (YoY) below expectations (1.5%) in December: Actual (0.5%)
United Kingdom Industrial Production (YoY) below expectations (1.5%) in December: Actual (0.5%)
GBP/USD
Fxstreet
Thu, Feb 12
United Kingdom Manufacturing Production (YoY) below forecasts (1.8%) in December: Actual (0.5%)
United Kingdom Manufacturing Production (YoY) below forecasts (1.8%) in December: Actual (0.5%)
Fxstreet
Thu, Feb 12
United Kingdom Industrial Production (MoM) registered at -0.9%, below expectations (0%) in December
United Kingdom Industrial Production (MoM) registered at -0.9%, below expectations (0%) in December
GBP/USD
Fxstreet
Thu, Feb 12
United Kingdom Manufacturing Production (MoM) came in at -0.5% below forecasts (0%) in December
United Kingdom Manufacturing Production (MoM) came in at -0.5% below forecasts (0%) in December
Fxstreet
Thu, Feb 12
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in December
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in December
Fxstreet
Thu, Feb 12
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