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flag EUR/USD near 1.1860, GBP/USD near 1.36 amid low activity and mixed economic signals.

flag EUR/USD traded near 1.1860 on February 16, 2026, in a narrow range amid low volume due to U.S. Presidents’ Day and lack of major data, with eurozone industrial production declining 1.4% year-on-year in December. flag GBP/USD held near 1.36 as stronger U.S. jobs data contrasted with UK political uncertainty and expectations of Bank of England rate cuts. flag Market focus shifted to upcoming U.S. and UK economic reports, including FOMC minutes, GDP, inflation, and PMIs, with analysts divided on the dollar’s future amid de-dollarization concerns and mixed central bank signals.

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