Forex News Today: Market Analysis for Traders

EUR/GBP resumed its bearish trend on Monday and tested a 16-month low of 0.8447. French debt, political deadlock and unrest weighed on the euro, while BoE hike expectations supported the pound.

EUR/USD is consolidating near its lows as French debt concerns support the dollar. US CPI is due Wednesday, and the French budget faces parliamentary hurdles.

EUR/USD traded around 1.1200 on Monday, close to its lowest level since May 2025, as French debt worries, a hawkish Fed and Middle East tensions favoured the dollar.