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.
What’s happening this week?
EUR
- Wednesday: GDP data
USA
- Wednesday: GDP data
