International Payments & Currency Exchange Rates https://cambridgecurrencies.com/ Competitive Exchange Rates Tue, 13 May 2025 07:19:54 +0000 en-GB hourly 1 https://i0.wp.com/cambridgecurrencies.com/wp-content/uploads/2024/07/CC-Icon-Only-no-BG.png?fit=32%2C32&ssl=1 International Payments & Currency Exchange Rates https://cambridgecurrencies.com/ 32 32 227681205 Pound Edges Higher as UK Jobs Data Softens https://cambridgecurrencies.com/daily-market-updates-2025-05-13-currency-market-update/ Tue, 13 May 2025 07:19:52 +0000 https://cambridgecurrencies.com/?p=31761 The Pound edged higher on Tuesday after UK labour market data showed early signs of cooling. Wage growth slowed, and job creation eased, supporting expectations that the Bank of England may adopt a more cautious policy stance in the months ahead.  Today’s Currency Shifts Key Market Drivers UK Labour Market Shows Signs of Cooling Recent […]

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The Pound edged higher on Tuesday after UK labour market data showed early signs of cooling. Wage growth slowed, and job creation eased, supporting expectations that the Bank of England may adopt a more cautious policy stance in the months ahead. 

Today’s Currency Shifts

  • EUR/USD: rose 0.24% to 1.1111
  • GBP/USD: increased 0.17% to 1.3198
  • AUD/USD: gained 0.65% to 0.6414
  • NZD/USD: advanced 0.68% to 0.5896
  • USD/JPY: declined 0.35% to 147.94
  • USD/CHF: fell 0.44% to 0.8424
  • USD/CAD: slipped 0.08% to 1.3963

Key Market Drivers

UK Labour Market Shows Signs of Cooling

Recent data from the Office for National Statistics (ONS) indicates that average weekly earnings in the UK, excluding bonuses, grew by 5.6% from January to March 2025, marking the slowest growth since November 2024. The unemployment rate edged up to 4.5%, its highest since mid-2021, while job vacancies decreased by 42,000 to 761,000.These signs of a cooling labour market may prompt the Bank of England to consider further interest rate cuts. 

Commodity Currencies Benefit from Risk-On Sentiment

The Australian and New Zealand Dollars outperformed, with gains of 0.65% and 0.68% respectively. This strength is attributed to improved risk appetite among investors and a rebound in commodity prices.

Currency Watch – Key Moves Today

PairPriceDaily Change
EUR/USD1.1111▲ 0.24%
GBP/USD1.3198▲ 0.17%
AUD/USD0.6414▲ 0.65%
NZD/USD0.5896▲ 0.68%
USD/JPY147.94▼ 0.35%
USD/CHF0.8424▼ 0.44%
USD/CAD1.3963▼ 0.08%

Looking Ahead

Investors will closely monitor upcoming economic data releases, including U.S. inflation figures and central bank commentary, for further insights into monetary policy directions. The Bank of England’s cautious stance suggests that significant policy changes are unlikely in the near term, keeping markets attentive to economic indicators and geopolitical events.

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]]> 31761 Dollar Gains as Markets React to BoE Rate Cut https://cambridgecurrencies.com/daily-market-updates-2025-05-12-currency-market-update/ Mon, 12 May 2025 07:16:25 +0000 https://cambridgecurrencies.com/?p=31755 The U.S. Dollar gained strength on Monday as investors digested the Bank of England’s recent rate cut and ongoing global trade uncertainties. The BoE’s decision to lower interest rates, coupled with concerns over U.S. tariffs, has influenced currency movements across major pairs. Today’s Currency Shifts Key Market Drivers Bank of England’s Rate Cut Amid Trade Concerns […]

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The U.S. Dollar gained strength on Monday as investors digested the Bank of England’s recent rate cut and ongoing global trade uncertainties. The BoE’s decision to lower interest rates, coupled with concerns over U.S. tariffs, has influenced currency movements across major pairs.

Today’s Currency Shifts

  • EUR/USD: fell 0.29% to 1.1220
  • GBP/USD: slipped 0.14% to 1.3286
  • AUD/USD: rose 0.23% to 0.6432
  • NZD/USD: increased 0.18% to 0.5924
  • USD/JPY: gained 0.51% to 146.08
  • USD/CHF: climbed 0.49% to 0.8347
  • USD/CAD: edged down 0.09% to 1.3926

Key Market Drivers

Bank of England’s Rate Cut Amid Trade Concerns

On May 8, the Bank of England reduced its benchmark interest rate by 25 basis points to 4.25%, citing concerns over the impact of new U.S. tariffs on global economic growth. The decision revealed a split among policymakers, with two members advocating for a larger 50 basis point cut and two others favoring no change. 

The BoE anticipates that the tariffs will reduce the UK economy by 0.3% over three years and help bring inflation to target sooner. It revised down its inflation forecast for 2025 to a peak of 3.5% and now expects inflation to return to its 2% target by early 2027. 

Economic growth for 2025 is projected at 1%, slightly up from the February forecast. However, the Bank of England has lowered its 2026 growth forecast. It also predicts slower pay growth and a rise in unemployment. The central bank introduced new scenarios to reflect uncertainty in global trade and policy conditions. It maintains a cautious stance on future rate changes. The next Bank of England interest rate decision is scheduled for Thursday, June 19, 2025.

The next UK GDP release is set for Thursday, May 15, 2025, at 7:00 AM. This will include the GDP monthly estimate for March 2025 and the first quarterly estimate for Q1 2025.

Global Trade Tensions Influence Market Sentiment

The recent imposition of U.S. tariffs has introduced volatility into the markets. While some progress in trade talks has been reported, the overall uncertainty continues to affect investor confidence and currency valuations.

Currency Watch – Key Moves Today

PairPriceDaily Change
EUR/USD1.1220▼ 0.29%
GBP/USD1.3286▼ 0.14%
AUD/USD0.6432▲ 0.23%
NZD/USD0.5924▲ 0.18%
USD/JPY146.08▲ 0.51%
USD/CHF0.8347▲ 0.49%
USD/CAD1.3926▼ 0.09%

Looking Ahead

Investors will closely monitor upcoming economic data releases and any further developments in trade negotiations. The Bank of England’s cautious stance suggests that significant policy changes are unlikely in the near term, keeping markets attentive to economic indicators and geopolitical events.

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]]> 31755 Pound Holds Steady After BoE Rate Cut to 4.25 https://cambridgecurrencies.com/daily-market-updates-2025-05-09-currency-market-update/ Fri, 09 May 2025 06:32:53 +0000 https://cambridgecurrencies.com/?p=31688 The British Pound held firm early Friday after the Bank of England reduced interest rates by 25 basis points to 4.25%. The move was widely expected as the BoE looks to support growth while keeping inflation in check. Governor Bailey struck a cautious tone, signalling any further easing would be gradual. Markets reacted calmly, with GBP/USD slipping only […]

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The British Pound held firm early Friday after the Bank of England reduced interest rates by 25 basis points to 4.25%. The move was widely expected as the BoE looks to support growth while keeping inflation in check.

Governor Bailey struck a cautious tone, signalling any further easing would be gradual. Markets reacted calmly, with GBP/USD slipping only slightly as traders await further policy signals.

Today’s Currency Shifts

By 07:15 this morning:

  • EUR/USD rose 0.15% to 1.1242
  • GBP/USD dipped 0.02% to 1.3242
  • AUD/USD gained 0.09%, while NZD/USD slipped 0.09%
  • USD/JPY dropped 0.39% as yields edged lower
  • USD/CHF and USD/CAD both eased slightly

What’s Driving the Market Today

UK Outlook

The BoE rate cut was supported by five of the nine Monetary Policy Committee members. Two called for a deeper cut, and two preferred to hold rates at 4.5%.
Governor Bailey’s remarks suggested a watchful approach to wage growth and core inflation, reinforcing a data-dependent stance.

North American Focus

Focus shifts to Canadian jobs data, with the latest employment report due at 12:30 UK time.
Markets will watch for signs of labour strength or softening, as USD/CAD trades near 1.3918.

Asia-Pacific

The New Zealand Dollar continues to underperform, down 0.70% on the week.
Meanwhile, the Japanese Yen strengthened slightly as bond yields retreated following US rate-driven moves.

Currency Watch – Key Moves Today

PairPriceDaily Change
EUR/USD1.1242▲ 0.15%
GBP/USD1.3242▼ 0.02%
AUD/USD0.6406▲ 0.09%
NZD/USD0.5897▼ 0.09%
USD/JPY145.34▼ 0.39%
USD/CHF0.8307▼ 0.18%
USD/CAD1.3918▼ 0.04%

Looking Ahead

The BoE’s cautious tone leaves room for further cuts in the second half of 2025.
Traders will also keep an eye on upcoming US inflation data, which could trigger broader USD movement into next week.

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]]> 31688 When Is the Next BoE Interest Rate Decision?  https://cambridgecurrencies.com/next-bank-of-england-interest-rate-decision-date/ Thu, 08 May 2025 08:39:00 +0000 https://cambridgecurrencies.com/?p=29243 Next Bank of England Interest Rate Decision The upcoming BoE interest rate decision is scheduled for Thursday, June 19, 2025, at 12:00 PM BST.  The Monetary Policy Committee (MPC) meets eight times a year to assess economic conditions and set the base rate accordingly. Current Bank of England Base Rate: 4.25% On May 8, 2025, […]

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Image of the Bank of England building with a Union Jack flag flying on top, set against a bright blue sky, with modern glass skyscrapers in the background.

Next Bank of England Interest Rate Decision

The upcoming BoE interest rate decision is scheduled for Thursday, June 19, 2025, at 12:00 PM BST. 

The Monetary Policy Committee (MPC) meets eight times a year to assess economic conditions and set the base rate accordingly.

Current Bank of England Base Rate: 4.25%

On May 8, 2025, the BoE reduced the base rate by 0.25 percentage points to 4.25%. The decision was influenced by concerns over global trade disruptions and their potential impact on UK economic growth. The MPC vote was split: five members supported the 0.25% cut, two advocated for a larger 0.5% reduction, and two preferred to maintain the rate at 4.5%.

2025 MPC Meeting Schedule

  • Thursday, June 19, 2025
  • Thursday, August 7, 2025
  • Thursday, September 18, 2025
  • Thursday, November 6, 2025
  • Thursday, December 18, 2025

Each meeting concludes with an announcement at 12:00 PM BST, detailing any changes to interest rates and the economic outlook.

Outlook for Interest Rates in 2025

While the recent rate cut aims to bolster the economy, the BoE remains cautious. Governor Andrew Bailey emphasised a “gradual and careful” approach to future rate changes, considering both domestic inflation trends and global economic uncertainties .

Analysts anticipate further rate reductions if inflation continues to decline and economic growth remains subdued.However, the split vote in the MPC indicates differing views on the pace and extent of future cuts.

Recent BoE Base Rate Changes

DateInterest Rate (%)
May 8, 20254.25
March 20, 20254.50
February 6, 20254.50
November 7, 20244.75
August 1, 20245.00
August 3, 20235.25

Why Interest Rates Matter

Interest rates influence various aspects of the economy:

  • Borrowing Costs: Lower rates reduce the cost of loans and mortgages, encouraging spending and investment.
  • Savings Returns: Interest earned on savings accounts typically decreases with rate cuts.
  • Currency Value: Interest rates can affect the exchange rate of the pound, impacting imports and exports.
  • Inflation Control: Adjusting rates helps the BoE manage inflation, aiming for a target of 2%.

Understanding these dynamics can help individuals and businesses make informed financial decisions.

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]]> 29243 Pound Slips as BoE Expected to Cut Rates https://cambridgecurrencies.com/daily-market-updates-2025-05-08-currency-market-update/ Thu, 08 May 2025 07:38:06 +0000 https://cambridgecurrencies.com/?p=31678 The British Pound edged lower ahead of the Bank of England’s (BoE) interest rate decision, where policymakers are widely expected to deliver a 25 basis point rate cut, moving the bank rate to 4.25% from 4.5%. Markets are focused on the BoE’s Monetary Policy Report, minutes, and post-decision remarks from Governor Bailey, all scheduled throughout the morning. Today’s Currency Moves Key […]

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The British Pound edged lower ahead of the Bank of England’s (BoE) interest rate decision, where policymakers are widely expected to deliver a 25 basis point rate cut, moving the bank rate to 4.25% from 4.5%.

Markets are focused on the BoE’s Monetary Policy Report, minutes, and post-decision remarks from Governor Bailey, all scheduled throughout the morning.

Today’s Currency Moves

  • GBP/USD is down 0.12% at 1.3276.
  • EUR/USD fell 0.15% to 1.1283.
  • NZD/USD was the weakest of the majors, dropping 0.70%.
  • USD/JPY rose 0.46%, tracking higher Treasury yields.
  • The US Dollar Index remains broadly firm ahead of North American trading.

Key Drivers Today

All Eyes on the Bank of England

  • The BoE vote split is expected to show 9 members favouring a cut, reflecting mounting pressure from weaker growth data and sticky wage inflation.
  • The MPC minutes and Monetary Policy Report will shape short-term GBP direction.
  • Governor Bailey’s 11:30 speech will be key to market interpretation.

NZD Drops Sharply

The New Zealand Dollar underperformed, shedding 0.70%, with no clear data catalyst. The move may reflect positioning ahead of US CPI tomorrow and broader USD strength.

Currency Watch – Market Snapshot

PairPriceDaily Change
EUR/USD1.1283▼ 0.15%
GBP/USD1.3276▼ 0.12%
AUD/USD0.6411▼ 0.21%
NZD/USD0.5920▼ 0.70%
USD/JPY144.48▲ 0.46%
USD/CHF0.8280▲ 0.46%
USD/CAD1.3877▲ 0.28%

Looking Ahead

With the BoE decision expected mid-morning, GBP volatility may spike as traders digest not only the headline rate but also the tone of the outlook.
Speeches from both the BoE and Bank of Canada governors may add to the day’s narrative.

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]]> 31678 Dollar Firms Ahead of Fed as Retail Data Hits Euro https://cambridgecurrencies.com/daily-market-updates-2025-05-07-currency-market-update/ Wed, 07 May 2025 08:56:22 +0000 https://cambridgecurrencies.com/?p=31532 The US Dollar gained early Wednesday ahead of the Federal Reserve’s interest rate decision, with traders positioned for possible guidance shifts despite expectations the Fed will hold at 4.5%. Today’s Currency Moves Key Drivers Today Eurozone Retail Sales Disappoint Eurozone retail sales for March came in below expectations: This suggests weakening household demand, putting pressure on the […]

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The US Dollar gained early Wednesday ahead of the Federal Reserve’s interest rate decision, with traders positioned for possible guidance shifts despite expectations the Fed will hold at 4.5%.

Today’s Currency Moves

  • EUR/USD is flat at 1.1368, with little reaction to weak Eurozone retail sales.
  • GBP/USD slipped 0.09% to 1.3353 as traders remain cautious.
  • USD/JPY rose 0.69%, pushing back above 143.30, as rate differentials widened.
  • AUD and NZD both weakened slightly, down 0.22% and 0.10%, respectively.

Key Drivers Today

Eurozone Retail Sales Disappoint

Eurozone retail sales for March came in below expectations:

  • MoM: 0.0% (vs 0.3% prior)
  • YoY: 1.6% (vs 2.3% prior)

This suggests weakening household demand, putting pressure on the Euro and reducing expectations for ECB tightening.

All Eyes on the Fed

The US Dollar strengthened modestly ahead of the 18:00 UK time Fed statement.
Markets are not expecting a rate hike, but any signs of hawkish language in the FOMC statement or Powell’s press conference could trigger USD volatility.

JPY Watching BoJ Minutes

Later tonight, Japan releases BoJ monetary policy minutes, which could influence JPY sentiment heading into Thursday.

Currency Watch – Latest Snapshot

PairPriceDaily Change
EUR/USD1.1368▼ 0.01%
GBP/USD1.3353▼ 0.09%
AUD/USD0.6480▼ 0.22%
NZD/USD0.6002▼ 0.10%
USD/JPY143.39▲ 0.69%
USD/CHF0.8256▲ 0.40%
USD/CAD1.3785▲ 0.05%

Looking Ahead

Expect low volatility until the Fed’s announcement. Markets may reprice USD pairs sharply depending on tone and projections.
The BoJ minutes could also weigh on the Yen overnight.

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]]> 31532 Pound Edges Higher as Markets Await BoE and RBNZ Signals https://cambridgecurrencies.com/daily-market-updates-2025-05-06-currency-market-update/ Tue, 06 May 2025 09:51:30 +0000 https://cambridgecurrencies.com/?p=31429 The US Dollar traded mixed in early Tuesday moves as traders prepared for a full day of data releases and speeches across Europe, the UK, Canada and New Zealand. Today’s Currency Shifts By mid-morning, both the Euro and Pound gained modestly. The New Zealand Dollar was the strongest performer in the session, up 0.32%.Conversely, the […]

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The US Dollar traded mixed in early Tuesday moves as traders prepared for a full day of data releases and speeches across Europe, the UK, Canada and New Zealand.

Today’s Currency Shifts

By mid-morning, both the Euro and Pound gained modestly.

  • EUR/USD rose by 0.20% to 1.1336
  • GBP/USD climbed 0.22% to 1.3324

The New Zealand Dollar was the strongest performer in the session, up 0.32%.
Conversely, the Japanese Yen fell sharply, with USD/JPY dropping 0.50%.

What’s Driving the Market Today

Eurozone Data and ECB Remarks

This morning’s Eurozone PMI reading came in at 50.4, slightly above expectations.
However, the Producer Price Index (PPI) figures remain pending and may drive further Euro movement.

UK Outlook

The Pound rose slightly ahead of BoE policymaker Breeden’s speech at 13:00 UK time.
Markets are watching for any mention of labour market weakness or May rate decisions.

North American Focus

This afternoon’s focus shifts to Canada with the release of the Ivey PMI, which previously stood at 55.6.
Any surprise here may push USD/CAD beyond current flat levels.

Asia-Pacific Spotlight

Tonight, New Zealand will release a batch of labour market data, including:

  • Employment Change (Q1)
  • Unemployment Rate (Q1)
  • Labour Cost Index (QoQ)

Currency Watch – Key Moves Today

PairPriceDaily Change
EUR/USD1.1336▲ 0.20%
GBP/USD1.3324▲ 0.22%
AUD/USD0.6456▼ 0.19%
NZD/USD0.5984▲ 0.32%
USD/JPY142.97▼ 0.50%
USD/CAD1.3816▼ 0.06%

Looking Ahead

Data continues to dominate the trading day, especially as inflation and labour figures influence central bank decisions.
Investors will watch today’s BoE, ECB, and RBNZ commentary closely.

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]]> 31429 Dollar in Focus Ahead of Non-Farm Payrolls https://cambridgecurrencies.com/dollar-in-focus-ahead-of-non-farm-payrolls/ Fri, 02 May 2025 08:18:35 +0000 https://cambridgecurrencies.com/?p=30925 Dollar in Focus Ahead of Non-Farm Payrolls Daily Currency Update The dollar is slightly softer this morning as attention turns to today’s U.S. labour market report. Non-farm payrolls, wage growth, and the unemployment rate are all due this afternoon and could set the tone for the dollar into next week. The euro and pound are […]

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Dollar in Focus Ahead of Non-Farm Payrolls

Daily Currency Update

The dollar is slightly softer this morning as attention turns to today’s U.S. labour market report. Non-farm payrolls, wage growth, and the unemployment rate are all due this afternoon and could set the tone for the dollar into next week. The euro and pound are firmer, while commodity currencies are benefiting from a mild rebound in risk appetite.

Dollar in Focus Ahead of Non-Farm Payrolls

Key Events Today

  • Germany’s manufacturing PMI came in slightly better than expected at 48.4, but still in contraction territory.
  • Eurozone inflation (CPI and core) is due at 09:00, along with the latest unemployment rate.
  • The U.S. labour market will be under the microscope at 12:30 with nonfarm payrolls, wage growth, and the unemployment rate all released simultaneously.
  • U.S. factory orders are due at 14:00.

Commodities

  • Oil is flat this morning. Brent trades at $62.10 and WTI at $59.17 after a rough week of selling. Prices remain under pressure from high inventories and softening demand outlooks.
  • Gold has risen to $3,260.35, up 0.71% on the day. Silver is also firmer at $32.56, helped by the weaker dollar tone and ongoing geopolitical concerns.

Currency Snapshot – Expected Ranges

  • EUR/USD: 1.1285 – 1.1355 ▲
    The euro is higher ahead of Eurozone inflation data. Momentum may build if U.S. jobs data misses.
  • GBP/USD: 1.3250 – 1.3325 ▲
    Sterling is steady. It could extend gains if U.S. figures disappoint later today.
  • AUD/USD: 0.6375 – 0.6435 ▲
    Aussie is firmer, helped by mild risk-on tone and slightly improved sentiment in Asia.
  • NZD/USD: 0.5895 – 0.5955 ▲
    The Kiwi is bouncing. Dollar softness and stable risk conditions support price action.
  • USD/JPY: 144.50 – 145.70 ▬
    The pair is consolidating. U.S. yields and the jobs data will drive the next move.
  • USD/CHF: 0.8230 – 0.8300 ▼
    The franc is recovering slightly with gold strength. Dollar remains capped for now.
  • USD/CAD: 1.3780 – 1.3860 ▼
    CAD is firmer as oil stabilises. Market focus shifts to U.S. jobs before next week’s BoC.
  • USD/MXN: 19.5400 – 19.6300 ▼
    The peso is slightly stronger. Carry flows remain supportive, especially with dollar under pressure.
  • USD/INR: 83.80 – 84.35 ▼
    The rupee is firmer. Local equities are stable and demand for USD is easing into the weekend.

Market Outlook

Today’s nonfarm payrolls report will be the main driver of price action into the weekend. A weaker reading may reinforce market expectations of Fed easing later in the year. Meanwhile, commodity currencies are seeing some recovery as oil stabilises and gold ticks higher. Euro and sterling may benefit further if U.S. data comes in below forecast.

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]]> 30925 Dollar Holds Steady Ahead of U.S Data https://cambridgecurrencies.com/dollar-steady-as-markets-eye-us-data/ Thu, 01 May 2025 08:25:03 +0000 https://cambridgecurrencies.com/?p=30825 Dollar Holds Steady Ahead of U.S Data Daily Currency Update Currency and commodity markets opened Thursday on the back foot, with oil and precious metals under renewed pressure. Focus today turns to a heavy slate of U.S. data releases, including jobless claims, manufacturing PMIs, and construction spending. Sterling and the euro are slightly weaker, while […]

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Dollar Holds Steady Ahead of U.S Data

Daily Currency Update

Currency and commodity markets opened Thursday on the back foot, with oil and precious metals under renewed pressure. Focus today turns to a heavy slate of U.S. data releases, including jobless claims, manufacturing PMIs, and construction spending. Sterling and the euro are slightly weaker, while the dollar is holding firm ahead of key economic indicators.

Key Events Today

  • Canada’s April manufacturing PMI is also due later today.
  • UK mortgage approvals, consumer credit, and money supply figures are due this morning.
  • The U.S. calendar is full, with jobless claims, Challenger layoffs, and manufacturing PMIs throughout the afternoon.
  • The ISM Manufacturing PMI and subcomponents (new orders, prices, and employment) will be closely watched.

Commodities

  • Oil continues to sell off, with Brent down to $60.41 and WTI at $57.45. Prices have now fallen nearly 20% this month, as supply concerns ease and demand forecasts weaken.
  • Gold is also lower, trading at $3,231.98, down 1.25% on the day. Silver has dropped 1.34% to $32.18, following broader weakness across metals and reduced haven flows.

Currency Snapshot – Expected Ranges

  • EUR/USD: 1.1275 – 1.1350 ▼ The euro is softer this morning. Weak Eurozone growth sentiment continues to weigh.
  • GBP/USD: 1.3260 – 1.3340 ▼ Sterling is drifting lower ahead of key U.S. figures and after softer lending data.
  • AUD/USD: 0.6350 – 0.6415 ▼ The Aussie is under pressure following a drop in commodity prices and poor RBA index data.
  • NZD/USD: 0.5895 – 0.5965 ▼ The Kiwi remains weak, tracking AUD lower and showing limited support from risk assets.
  • USD/JPY: 143.80 – 144.90 ▲ Dollar/yen is higher again. Strong U.S. yields continue to drive the pair upward.
  • USD/CHF: 0.8235 – 0.8305 ▲ The franc is on the back foot as gold weakens and the dollar remains firm.
  • USD/CAD: 1.3780 – 1.3855 ▲Oil weakness is weighing on the loonie. CAD likely to remain offered throughout the session.
  • USD/MXN: 19.6000 – 19.7000 ▲ Peso is slightly weaker. Dollar strength and commodities are driving this morning’s move.
  • USD/INR: 84.50 – 85.00 ▲ Rupee remains under pressure with limited domestic drivers today.

Market Outlook

With a packed U.S. data calendar, markets are preparing for possible movement in dollar pairs later in the day. Jobless claims and the ISM report will be closely analysed for signs of resilience in the U.S. economy. Weakness in oil and metals is expected to continue weighing on commodity-linked currencies.

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]]> 30825 Euro Steady Ahead of Inflation and GDP Data https://cambridgecurrencies.com/euro-steady-ahead-of-inflation-and-gdp-data/ Wed, 30 Apr 2025 07:56:17 +0000 https://cambridgecurrencies.com/?p=30805 Euro Steady Ahead of Inflation and GDP Data Daily Currency Update The euro is holding firm this morning as markets await key inflation and growth data from Germany and the wider Eurozone. The dollar is little changed ahead of several major U.S. releases this afternoon, including GDP, Core PCE, and jobs data. Sterling remains near […]

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Euro Steady Ahead of Inflation and GDP Data

Daily Currency Update

The euro is holding firm this morning as markets await key inflation and growth data from Germany and the wider Eurozone. The dollar is little changed ahead of several major U.S. releases this afternoon, including GDP, Core PCE, and jobs data. Sterling remains near recent highs, supported by cautious comments from the Bank of England.

Euro Steady Ahead of Inflation

Key Events Today

  • Germany has already posted a rebound in retail sales, up 2.2% year-on-year for March.
  • Preliminary German and Eurozone GDP figures are due this morning.
  • Eurozone CPI and the harmonised inflation print follow shortly after.
  • U.S. releases include ADP Employment, Core PCE, and Q1 GDP.
  • President Trump is scheduled to speak twice later today, which could prompt fresh policy headlines.

Commodities

  • Oil is under pressure again this morning. Brent is trading at $62.32 and WTI at $59.45 as concerns over global demand weigh on sentiment.
  • Gold is slightly lower at $3,311.09, while silver is flat at $32.91. Both metals are seeing subdued interest as markets await direction from today’s inflation data.

Currency Snapshot – Expected Ranges

Market Outlook

Today’s data will give markets a clearer view on growth and inflation trends in both the Eurozone and the U.S. A softer GDP or inflation print from the U.S. may weigh on the dollar, while signs of Eurozone weakness could increase ECB rate cut bets. Either way, the second half of today’s session may bring more price action.

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