Category Archives: FX News

US tariffs and global FX market outlook
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Market Overview: Tariff Fears Linger as Q2 Kicks Off

The final trading day of March closed on a note that echoed the broader mood of the month—marked by unpredictability and caution. Investor sentiment remained weighed down by concerns over global trade, particularly in light of the Trump administration’s proposed tariff measures.

Currency Markets Flat Amid Uncertainty

Major currency pairs traded within narrow ranges yesterday, continuing the subdued trend that has carried into April’s opening session in Asia-Pacific markets. While the US dollar is modestly firmer this morning, it remains slightly below its early March levels.

Key Data Ahead: Eurozone Inflation and US Manufacturing

Today’s economic highlights include the flash estimate of Eurozone HICP inflation and the US ISM Manufacturing Index—both for March. These releases may provide fresh direction for markets that have otherwise struggled to find momentum in recent sessions.

Tariff Announcements Loom Large

Markets are bracing for potential tariff-related developments out of the United States tomorrow, which are expected to dominate sentiment in the coming days. The prospect of escalating trade tensions remains a key risk for global businesses and investors alike.

Strategic FX Guidance When It Matters Most

With policy shifts and data surprises driving volatility, now is the time to review your currency exposure. Speak with a QuMoney expert for tailored advice to help you mitigate risk and seize opportunities in uncertain markets.

German CPI and UK consumer lending impact on FX
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Data Watch: German Figures Beat Forecasts but Euro Remains Under Pressure

This morning’s German Import and Retail Sales figures both exceeded expectations, indicating some resilience in Europe’s largest economy. However, the upbeat data failed to lift the euro, which continues to struggle for traction amid broader market caution.

Focus Shifts to UK Consumer Lending Data

Next on the schedule is the UK’s Consumer Lending report, which includes figures on mortgage approvals, household lending, and consumer credit. These indicators will offer a snapshot of domestic demand and borrowing trends heading into Q2.

German Inflation in Focus This Afternoon

Later in the day, attention will turn back to Germany with the release of CPI inflation data—an important reading ahead of the upcoming ECB policy discussions. A higher-than-expected print could revive euro support, while a soft number may add further pressure.

Stay Ahead of Market Shifts

With key data influencing currency movements, now is the time to stay proactive. Speak to a QuMoney specialist for bespoke insights and risk management strategies to support your international transactions.

UK PMI data surprise
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Daily Market Outlook: UK Services Strength, Global Politics in Focus

Today’s economic calendar features several key data releases, beginning with Germany’s Business Survey, followed by the UK’s CBI Distributive Trades Survey—offering further insight into retail sector performance.

Across the Atlantic, attention will turn to the US housing market later this afternoon, with the release of the Home Price Index and New Home Sales data.

UK Services PMI Supports Sterling

Yesterday’s UK PMI data revealed renewed strength in the services sector, signalling a pick-up in economic momentum. The pound responded positively, gaining support as markets reassessed the growth outlook.

Geopolitical Developments in Focus

Beyond economic indicators, this week’s spotlight remains on diplomatic negotiations involving Russia and the US, with hopes of progress toward a resolution in the ongoing conflict with Ukraine. Any major developments could influence market sentiment and safe-haven flows.

Navigating Market Moves with Confidence

With a mix of data and geopolitics shaping the market narrative, now is a crucial time to review your FX strategy. Connect with a QuMoney expert for tailored insights to protect and optimise your international transactions.

Central Banks Hold Steady, Key PMI & Inflation Data Ahead | QuMoney
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Market Recap: Central Banks Hold Steady as PMI and Inflation Data Loom

Last week’s central bank meetings from both the Federal Reserve and the Bank of England delivered no surprises, with interest rates left unchanged as widely expected. Post-meeting commentary was similarly aligned with market expectations, signalling a steady but cautious stance from both institutions.

Currency Markets Hold in Tight Ranges

Currency movements remained relatively contained throughout the week. While EUR/USD touched a fresh year-to-date high early on, the euro quickly lost steam and ended the week on a weaker footing.

Key Data Ahead: PMIs and Inflation in Focus

Looking ahead, the flash Purchasing Managers’ Index (PMI) releases for March from the US, Eurozone, and UK will be closely watched. These figures will offer valuable insights into economic momentum—or potential lack thereof—as Q1 draws to a close.

Additionally, inflation data will be front and centre this week. The UK will release CPI inflation figures for February, while in the US, markets await the latest core PCE reading—widely regarded as the Fed’s preferred inflation measure.

Monitoring Global Trade Risks

Ongoing trade-related developments also remain on the radar, with potential implications for currency stability and business strategy.

Stay Informed, Stay Ahead

With high-impact data on the horizon, now is the time to reassess your currency exposure. Speak with a QuMoney expert for tailored insights and strategies to help you navigate market volatility with confidence.

BoE Holds Rates as Inflation Concerns Linger
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BoE Holds Rates as Inflation Concerns Linger

As anticipated, the Bank of England left interest rates unchanged at 4.5% yesterday, with the Monetary Policy Committee voting 8–1 in favour of maintaining the current level.

Inflation Outlook Raises Questions

With inflation expected to edge towards 4% in the coming months, concerns are mounting over the Bank’s ability to return to its 2% target in the near term. This persistent price pressure could complicate future policy decisions and prolong the current rate environment.

Sterling Mixed on Policy Outcome

The pound strengthened against the euro following the BoE announcement, though it slipped slightly against the US dollar. Markets are now digesting the potential implications of prolonged inflationary pressures and a central bank that appears content to wait and watch.

Muted Data Calendar Today

It’s a quiet day for economic releases. There are no major US data points scheduled this afternoon. Earlier today, UK Consumer Confidence and France’s Business Index both met expectations, offering little fresh direction for markets.

Later in the session, the focus will shift to the EU Consumer Confidence Flash figures, which may influence euro sentiment.

Be Prepared for Market Shifts

As central bank policy continues to shape FX trends, staying agile is crucial. For expert insights and strategic support with your international transfers, connect with a QuMoney specialist today.

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