Posts Tagged ‘Interest rate’
Currency Shifts and Central Bank Signals Define the Week
Market Overview: 7–13 April 2025 Currency performance: Commodities: Key Economic Events: 14–20 April 2025 This week features several significant economic releases and central bank decisions that could influence currency markets. United Kingdom Eurozone United States Latest Market Volatility: • GBP/USD: Reached a recent high of approximately 1.3182 on 14th April 2025, reflecting a 0.7% increase…
Read MoreMarkets Await Key Inflation Data and Spring Statement as GBP Holds Firm
GBP The Pound struggled against its major counterparts on Friday after the Bank of England (BoE) left interest rates unchanged at 4.5%. Despite a slightly hawkish tone, the decision weighed on Sterling. The Monetary Policy Committee (MPC) voted 8-1 to maintain rates, with only Swati Dhingra supporting a 25 basis point cut. Markets had expected…
Read MoreMarkets Brace for Policy Shifts and Key Data: GBP, USD, and EUR in Focus
Overview In the upcoming week, the market is poised to react to significant economic data releases and the initial policy actions of President Donald Trump’s second term. The focus will be on the British Pound (GBP), the US Dollar (USD), and the Euro (EUR), as traders assess the implications of new economic policies and key…
Read MoreKey Market Movers This Week: UK Inflation Data, US CPI, and China’s GDP in Focus
Market Report Week Commencing 13th January 2025 Currency Pair Mid-Market Rates GBP – USD 1.2164 GBP – EUR 1.1892 GBP – AED 4.4680 GBP – CNY 8.9201 EUR – USD 1.0228 Accurate at the time of writing Country Interest Rate Inflation UK 4.75% 2.6% US 4.5% 2.7% Eurozone 3.15% 2.4% UAE 4.4% 3.01% China 3.1%…
Read MoreSterling Gains Ground, Eurozone Inflation in Focus, and USD Eyes Jobs Report for Direction
GBP Sterling has held up well following its shaky start to the new year, trading firmly above 1.20 against the Euro (currently 1.2051) and pushing above 1.25 against the Dollar (currently 1.2570). It’s a quiet week ahead for UK data. This morning’s BRC Like-for-Like Retail Sales figures for December came in at +3.1%, significantly beating…
Read MoreGBP Braces for BoE Rate Decision; EUR and USD Eyes Turn to ECB and U.S. Election Outcomes
GBP The spotlight in the UK FX market is on Thursday afternoon, when the Bank of England (BoE) will announce its latest interest rate decision. Currently, inflation has eased to 1.7%, below the BoE’s target of 2%. Markets are widely anticipating a 0.25% rate cut, which would bring the base rate to 4.75% Despite the…
Read MorePound Wavers, Euro Strengthens & USD Awaits Fed Clarity
GBP The Pound Sterling experienced a dip against both the Euro and the US Dollar following the Bank of England’s recent rate cut. Despite this initial drop, the Pound demonstrated resilience amid relatively hawkish rhetoric and global market dynamics. The GBP|USD exchange rate hit a 4-week low before staging a recovery. The BoE’s Monetary Policy…
Read MoreSterling Upbeat on Economic Growth, Euro Flattens & Dollar Shows Strength Amid Election Speculation
GBP Sterling has experienced significant movement as of late, boosted by a resilient economy and hopes for political stability. Top tier banks are optimistic about the Pound’s performance, with forecasts suggesting it will continue to strengthen. This year, the Pound has been the best-performing major currency, climbing around 2% against the Dollar to 1.30 (now…
Read MoreCentral Bank Decisions Steal the Spotlight
GBP Pound Sterling is currently in a holding pattern, exhibiting sideways movement as it grapples with anticipation surrounding several high-impact data releases scheduled for this week. With GBP/EUR hovering around the 1.17 mark and GBP/USD around 1.27, investors and speculators are exercising caution as they await the Federal Reserve’s interest rate decision on Wednesday and…
Read MorePound Struggles for Support, Euro Faces Economic Uncertainty, and Dollar Gains Momentum
GBP Sterling is looking for support after a significant drop against the Dollar on Tuesday. The GBP|USD pair faced downward pressure as investors rethought the positive outlook supporting the rise in risk-related assets. Additionally, concerns about a worsening recession and a delicate manufacturing sector within the United Kingdom have made the Pound less attractive. At…
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