This week in the markets:
The week ahead is full of events that could shift currency markets, here’s what they mean if you’re planning a transfer abroad.
- Geopolitics: The Trump–Putin meeting ended without agreement, and attention now turns to today’s talks with President Zelensky. Any progress toward peace could ease market volatility, especially in the euro.
- UK Inflation: Figures due Wednesday are expected to rise to 3.7%, with risks of hitting 4%. If inflation stays high, the Bank of England may delay rate cuts. That could keep the pound stronger for longer. If you’re transferring to Europe, that strength could mean more euros for your money.
- Eurozone outlook: Inflation is forecast at 2.3%. Markets will be watching closely for signals from European Central Bank President Lagarde. A dovish stance could weaken the euro, creating opportunities for those moving money into the region.
- US dollar watch: The Jackson Hole Symposium kicks off Thursday, with Fed Chair Powell speaking Friday. Any hint about U.S. interest rate policy could swing the dollar significantly.
- Other key data: EU/US PMIs (Thu) and UK Retail Sales (Fri) could add to market movements.
Final note: Like the start of a new football season, the FX market is unpredictable, and being prepared can make all the difference.
If you’re planning a transfer this week, whether it’s a property payment, investment, or sending money to family speak to a Lumon currency specialist today. Call +44 (0)204 506 5672 to explore your options.
