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.