14 April 2025
Weekly Market Headlines:
The European Central Bank (ECB) is expected to cut interest rates this Thursday, to help steady the Eurozone economy for the rest of the year, a decision that could impact exchange rates.
- So far, the GBP to EUR rate has moved by 4.65% in April, a swing worth €5,430 on a £100,000 transfer. Thursday’s news could cause further movement for the euro against the pound and other currencies.
- UK economic data takes centre stage on Tuesday and Wednesday. Unemployment and inflation figures could influence the Bank of England’s next move on interest rates. With sterling already seeing sharp movements, any surprises could trigger further volatility.
- US trade tariffs and dollar volatility are adding pressure. Trump’s proposed tariffs have reintroduced uncertainty into the markets. The GBP to USD rate has shifted 3.69% in April, that’s a $4,700 difference on a £100,000 transfer.
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.
What’s happening this week?
UK
- Tuesday: Unemployment data
- Wednesday: Inflation data
EUR
- Wednesday: Eurozone inflation data
- Thursday: Eurozone interest rate decision
USA
- Wednesday: Retail sales data
