It was a tense weekend on the global stage as U.S. President Donald Trump and Vice President Vance met with Ukrainian President Volodymyr Zelenskyy. The high-stakes exchange didn’t go in Zelenskyy’s favour, leaving Ukraine with limited diplomatic gains. Markets are now watching for any geopolitical ripple effects.
Meanwhile, today’s economic data releases bring fresh insights into market movements. The UK’s Purchasing Managers’ Index (PMI) is set to tumble to 46.4, firmly below the 50-mark that separates growth from contraction. This signals ongoing struggles in the UK’s manufacturing sector and could weigh on the pound’s strength. Across the eurozone, the Consumer Price Index (CPI) is projected to drop to 2.3%, a dip from last month’s 2.5%, with policymakers keeping a close watch on inflation trends.
Looking ahead, a major moment for the markets will come at the end of the week with the European Central Bank’s interest rate decision. Analysts widely expect another rate cut—potentially the second this year—as the ECB grapples with economic headwinds.
On the currency front, the British pound continues to hold firm against the euro. However, against the U.S. dollar, the pound has lost some ground after last week’s highs, reflecting changing market sentiment.
With shifting economic data and major central bank moves on the horizon, volatility is expected. If you’re looking to capitalise on market swings or better understand how these developments impact your business, our experts at Qumoney are here to help.