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ForexMedium•20 February 2026•

1 min read

EUR/USD and GBP/USD Face Volatility Ahead of Key Macroeconomic Data Releases

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Major currency pairs, including EUR/USD and GBP/USD, are approaching critical technical levels as market participants brace for a heavy economic data calendar. The end of the week features significant releases from the United States, the United Kingdom, and the Eurozone, which are expected to drive market sentiment. Both pairs have demonstrated high sensitivity to shifts in relative interest rate expectations among the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE). Traders are closely monitoring these indicators as they could redefine the future path of monetary policy across these major economies. Consequently, high volatility is anticipated in the forex markets as investors adjust their positions based on the incoming data. The US Dollar Index (DXY) will also remain a focal point for assessing broader currency trends in the coming days.