Currency news / February 13, 2026

Tentative close to the week

3 min read Thanim Islam

Thanim IslamFebruary 13, 2026

Market snapshot:

US CPI is today's key metric

Yesterday's currency recap

USD fell for a fifth consecutive day following a higher-than-expected jobless claims number, putting the greenback on track for its longest losing streak in three months. CHF led gains, while AUD and CAD underperformed. GBP moves remained muted following the GDP numbers in the morning, with markets preferring to wait until next week'sCPI numbers to define moves.

Today's GBP rates

Currency pair	Daily move*	Indicative rate**
GBPAUD	0.11%	1.9145
GBPCAD	0.33%	1.8563
GBPCHF	-0.33%	1.0483
GBPDKK	0.07%	8.584
GBPEUR	0.07%	1.1489
GBPJPY	-0.20%	208.458
GBPNOK	0.11%	12.9405
GBPNZD	-0.13%	2.2504
GBPSEK	0.12%	12.1399
GBPUSD	0.18%	1.3654

*Daily move - against G10 rates as of 17:00 GMT, 12.02.26
** Indicative rates - interbank rates as of 17:00 GMT, 12.02.26

Key data points

Currency	Event	Period	Consensus	Previous
EUR	GDP QoQ	Q4	0.30%	0.30%
EUR	GDP YoY	Q4	1.30%	1.30%
EUR	Trade Balance	Dec		10.7b
USD	CPI MoM	Jan	0.30%	0.30%
USD	CPI YoY	Jan	2.50%	2.70%
USD	Core CPI MoM	Jan	0.30%	0.20%
USD	Core CPI YoY	Jan	2.50%	2.60%

What we think

Today's focus is on the eurozone and US economic data. In Europe, Q4 GDP is expected to hold steady at 0.3% QoQ / 1.3% YoY, with the December trade balance around €10.7bn. These releases are unlikely to move EUR materially unless there is a significant surprise, as markets remain focused on US-driven flows.

In the US, the focus shifts to January CPI, with headline inflation expected at 0.3% MoM / 2.5% YoY and core CPI at 0.3% MoM / 2.5% YoY. Wednesday’s better-than-expected job numbers pushed back expectations of the next Fed rate cut to July, and it will need a stronger number to see another month's delay expected in order to bolster the ailing USD.

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