United Kingdom NIESR GDP Estimate (3M) fell from previous 4.296% to 0.3% in January

RBC Economics Senior Economist Claire Fan notes only minor changes to the U.S. outlook, with a slightly lower near-term unemployment forecast but no change to the 4.5% average for 2026.

The number of United States (US) citizens submitting new applications for unemployment insurance decreased to 227K for the week ending February 7.

Rabobank’s Senior FX Strategist Jane Foley argues that earlier assumptions about Prime Minister Takaichi’s fiscal and monetary stance are being reassessed, reducing pressure on the Bank of Japan to stay ultra‑dovish.

United States Continuing Jobless Claims above expectations (1.85M) in January 30: Actual (1.862M)

Germany Current Account n.s.a. rose from previous €15.1B to €16.1B in December

United States Initial Jobless Claims 4-week average increased to 219.5K in February 6 from previous 212.25K

United States Initial Jobless Claims came in at 227K, above forecasts (222K) in February 6

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that the Central Bank of Turkey raised its 2026 inflation forecast range while keeping its official targets unchanged, and remains relatively constructive on the inflation outlook.

EUR/GBP trades in a narrow range on Wednesday, with the British Pound (GBP) holding firm despite soft UK economic data, as broad-based US Dollar (USD) weakness continues to shape overall FX sentiment.

Deutsche Bank’s Sanjay Raja expects UK CPI and RPI inflation to fall sharply at the start of 2026, with headline and core CPI both seen at 3% year-on-year in January.

Russia Central Bank Reserves $ down to $797.5B from previous $826.8B

Nomura’s Global Markets Research team argues that persistent wage pressures in the Euro area will keep inflation risks elevated in 2027–2028.

The Euro (EUR) shows marginal gains against the US Dollar (USD) on Thursday, trading at 1.1880 at the time of writing, up from Wednesday's lows at 1.1833.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note that hawkish comments from RBA Deputy Governor Hauser have supported the Australian Dollar, even as lower Australian bond yields show rates markets remain cautious.

Gold (XAU/USD) is trading practically flat at the top of the weekly range on Thursday, with bulls capped right below February’s peak in the $5,100 area.

USD/CHF falls toward 0.7680 on Thursday at the time of writing, down 0.48% on the day, after two consecutive days of gains. The pair remains under pressure as the Swiss Franc (CHF) benefits from sustained safe-haven demand and rising domestic yields.

DBS Group Research economist Philip Wee notes that the Dollar failed to gain traction even after stronger US nonfarm payrolls and a lower unemployment rate in January. He highlights that Federal Reserve officials see no need for additional rate cuts as inflation stays above target.

TD Securities analysts note that UK GDP for December matched expectations at 0.1% month-on-month, but downward revisions to November left Q4 growth at 0.1% quarter-on-quarter, below consensus and Bank of England projections.

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that strong US payrolls data triggered a hawkish Federal Reserve repricing but did not deliver a lasting boost to the Dollar.

The Pound (GBP) lost ground against its main peers on Thursday, following a string of disappointing UK economic indicators. The GBP/USD pair, however, has remained steady above 1.3600 and is picking up to 1.3640 at the time of writing, keeping a mild upside trend from last week’s lows intact.

Gold (XAU/USD) holds in a narrow range on Thursday as stronger US employment data prompts traders to push back expectations for an early Federal Reserve (Fed) interest rate cut. At the time of writing, XAU/USD trades around $5,065, remaining confined to this week’s $5,000-$5,100 consolidation band.

The US Dollar (USD) has found footing in the lower range of the 152.00s against the Japanese Yen (JPY) and is consolidating around 153.00 on Thursday.

South Africa Manufacturing Production Index (YoY): -1.4% (December) vs previous -1%

The West Texas Intermediate (WTI) US Oil trades lower on Thursday, hovering around $64.15 at the time of writing, down 1.10% on the day. The Oil market is mainly reacting to the latest weekly US inventory data.

Greece Consumer Price Index (YoY) unchanged at 2.5% in January

Greece Consumer Price Index - Harmonized (YoY) remains unchanged at 2.9% in January

Greece Consumer Price Index (YoY) up to 2.5% in December from previous 2.4%

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.

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.