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The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected. Inflation eased to 3.2% y/y, down from 3.4%

The Canadian dollar moved up against its major counterparts in the European session on Monday. The loonie rose to 1.3725 against the greenback and 1.4620 against the euro, off its early lows of 1.3781 and 1.4665, respectively. The loonie advanced to near 2-week highs of 112.40 against the yen and 0.

Oil is losing more than 1% on Monday, below $84 a barrel for WTI and below $89 for Brent after Friday's rollercoaster, when prices peaked above $87 and $91.6, respectively. The drivers were geopolitics, where fears of an escalation of the conflict between Israel and Palestine fueled the growth. The

Eurozone inflation expectations remained unchanged across all horizons and real economic growth for 2024 was marginally lowered, the Survey of Professional Forecasters from the European Central Bank showed on Friday. Headline inflation is expected to fall to 2.0 percent in both 2025 and 2026 from 2.