Pound recovery and key GDP data this week

1 min read | 28 April 2025 | Author: Tom Holian

Tom Holian

Dealing Director with 20+ years of experience in foreign exchange, supporting clients with property and retirement transfers through clear, reliable service.

Contact us

Title

First name First Name Required!

Last name Last Name Required!

Phone number Phone Number Required!

Email Email Required!

By submitting this form, you are agreeing to Lumon contacting you, including marketing communications. You may unsubscribe at any time. For more information, please review our Privacy Policy

Weekly Market Headlines:

As we approach the end of April, the foreign exchange markets have been influenced by ongoing global tariff discussions. Here’s what you need to know this week:

The pound has shown some recovery against both the euro and the US dollar after a challenging month.
Important GDP figures from the Eurozone and US are set to be released on Wednesday. Early forecasts suggest slow growth, just 0.2% year-on-year for the Eurozone and 0.4% for the US.
These updates could influence central bank decisions on future interest rates, which in turn could impact currency values.
What this means for you: If you’re planning an international payment, even small currency shifts could make a big difference. For example, a 1% change in the GBP to EUR rate on a €100,000 transfer could mean saving or losing around £850.

With important US and EU data expected, it could be a busy week for the pound, euro and dollar. Speak to a Lumon currency specialist today to explore the best options for protecting your budget in volatile times.
Call +44 (0)204 506 5672 to explore your options.

Get a quote