Trading news

Scotiabank’s Analyst Team reports the Euro is modestly higher versus the Dollar but lagging other G10 currencies, with sentiment and options pricing favouring upside protection.

Here is what you need to know on Thursday, February 12:

The Euro (EUR) is practically flat against tht the US Dollar (USD) on Thursday, trading at 1.1860 at the time of writing, after failing to extend above the 1.1925 area earlier this week.

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.

GBP/JPY remained in the negative territory after paring daily losses, trading around 208.60 during the early European hours on Thursday.

The EUR/GBP cross pares recent losses near 0.8710 during the early European session on Thursday. The Pound Sterling (GBP) edges lower against the Euro (EUR) after the release of UK growth numbers.

UOB analysts Quek Ser Leang and Peter Chia note that AUD/USD surprised to the upside, reaching 0.7143 and closing around 0.7127. Intraday, they see room for a test of 0.7150 before pullback risks increase, with 0.7175 as the next resistance.

The GBP/USD pair turns lower for the third straight day on Thursday and retreats further from a one-week high, around the 1.3715 region, touched the previous day.

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.

United Kingdom Gross Domestic Product (YoY) came in at 1% below forecasts (1.2%) in 4Q

United Kingdom Total Trade Balance increased to £-4.34B in December from previous £-6.116B

United Kingdom Index of Services (3M/3M) registered at 0%, below expectations (0.2%) in December

United Kingdom Gross Domestic Product (YoY) came in at 1.3%, above expectations (1.2%) in 4Q

United Kingdom Gross Domestic Product (QoQ) came in at 0.1% below forecasts (0.2%) in 4Q

United Kingdom Goods Trade Balance below forecasts (£-22.7B) in December: Actual (£-22.72B)

United Kingdom Trade Balance; non-EU: £-10.99B (December) vs £-11.457B

United Kingdom Industrial Production (YoY) below expectations (1.5%) in December: Actual (0.5%)

United Kingdom Manufacturing Production (YoY) below forecasts (1.8%) in December: Actual (0.5%)

United Kingdom Industrial Production (MoM) registered at -0.9%, below expectations (0%) in December

United Kingdom Manufacturing Production (MoM) came in at -0.5% below forecasts (0%) in December