With Easter approaching, it’s a quiet day for economic data, but markets remain anything but calm. Volatility from the escalating US-China trade dispute continues to ripple across global markets, leaving investors cautious.
Dollar Sell-Off Boosts Safe Havens
Over the past five days, we’ve seen a sharp sell-off in the US dollar, as uncertainty around tariffs pushes investors towards safer assets. The euro, Swiss franc, and Japanese yen have all benefited from this defensive market tone.
Pound Falls to November Lows Against the Euro
The GBP/EUR exchange rate has dropped to its lowest level since November 2023, highlighting continued pressure on Sterling. While not ideal for euro buyers, this dip presents a good opportunity for those looking to sell euros at strong rates.
Looking Ahead: Inflation and ECB in Focus
While today’s data calendar is light, the remainder of the week holds two key events that could shake things up:
- UK Inflation (Wednesday) – A critical gauge of the Bank of England’s future rate path.
- ECB Interest Rate Announcement (Thursday) – With euro strength in the spotlight, any hint of policy shifts will be closely scrutinised.
Stay Ahead in Uncertain Times
With geopolitical tensions and central bank decisions creating an unpredictable backdrop, now is the time to be strategic. Whether you’re making payments in euros or managing overseas exposure, Qumoney’s FX specialists can help you plan ahead.
Get in touch today to explore how we can support your business with expert market insight and tailored currency solutions.