The EUR/USD currency pair was again largely immobilized on Wednesday. No major macroeconomic releases hit the day, and nothing dramatic was expected from Christine Lagarde's remarks — simply because the European Central Bank meeting takes place today, and it is unlikely the president would discuss monetary policy, future plans, or the decision to be announced.

The GBP/USD currency pair again showed no interesting moves on Tuesday. This week there will be very little important data for the pair. The only notable release is the US inflation report. The European Central Bank meeting may affect GBP/USD indirectly, but the ECB's decision has only limited direct relevance to the pound or the dollar.

The EUR/USD currency pair again showed no interesting action on Tuesday. Traders have likely grown used to this, as volatility has remained low for almost six weeks. We have repeatedly said that low volatility essentially means a lack of market movement.

The GBP/USD currency pair also showed no interesting moves on Monday, as there were no important events or publications in the UK or the US. As we warned, it was a "boring Monday." However, for the US dollar, this calm period is advantageous — a time when it can feel relatively secure.

The EUR/USD currency pair showed a small rise on Monday; however, overall market moves were again weak, and volatility was low. Traders should clearly understand the current technical disposition. On the weekly timeframe, a clear uptrend that began in 2022 is visible.