31 March 2025
Weekly Market Headlines:
UK economic slowdown? The latest GDP data showed 0% growth in February, following a 0.3% rise in January. This signals a slowing economy, which could influence the strength of the pound.
- Tomorrow, the Eurozone will release new inflation data. This will help the European Central Bank (ECB) decide on future interest rate changes, potentially impacting EUR exchange rates.
- On Friday, the US will release its Non-Farm Payrolls report. This key employment measure often leads to significant movements in global exchange rates, especially for USD.
What does this mean for you? Exchange rates fluctuate based on these events. If you’re planning a transfer, keeping an eye on market movements can help you secure a better rate.
Get in touch with Lumon to speak to a dedicated currency specialist about your international money transfers. Call +44 (0)204 506 5672 to explore your options.
