Sterling (GBP/USD) trades near $1.2740 as markets digest comments from Bank of England's Deputy Governor Dave Ramsden. His speech emphasized balancing financial stability with effective central bank interventions, highlighting a shift in focus to non-bank financial institutions. The lack of major UK events today may keep GBP stable.

GBP/USD is trading slightly lower at $1.27474, down 0.02% for the session. The pair is sitting just above the pivot point at $1.27352, which aligns closely with the 50 EMA at $1.27354, acting as a key support level. If the price holds above this zone, there's room for an upward move toward the immediate resistance at $1.27996, with the next hurdle at $1.28415.

On the downside, a break below $1.27352 could expose the pair to immediate support at $1.26870, followed by $1.26388. The upward trendline from earlier lows continues to support the current bullish bias, but losing the $1.27352 level could lead to increased bearish momentum and sharper declines.

The Euro struggled as Sentix Investor Confidence dropped to -17.5, falling short of the -12.4 forecast and previous -12.8, signaling worsening economic sentiment in the Eurozone.

German Final CPI held steady at -0.2%, aligning with expectations, while Italian Industrial Production showed no growth, at 0.0%.

The bleak confidence data highlights ongoing economic challenges, leaving the Euro vulnerable. Traders will watch ECOFIN for broader implications on market sentiment.