7 April 2025
Weekly Market Headlines:
Global stock markets are falling amid rising recession fears. Tariff announcements last week have rattled investors, pushing major indices lower. This uncertainty is spilling over into currency markets, causing sharp rate movements.
- Sterling has seen significant swings against both the euro and US dollar.
GBP to EUR has shifted by over 3 cents since mid-last week – that’s a difference of €3,000 on a £100,000 transfer.
GBP to USD has also moved by more than 3.5 cents, worth $3,500 on the same amount. - Interest rate expectations in the UK have changed rapidly. Just last week, markets were pricing in two Bank of England rate cuts. Now, four are expected – highlighting just how quickly sentiment can change and impact currency values.
- All eyes are now on the US Federal Reserve. With the Fed set to meet on Wednesday, markets are watching for any shift in tone. Could increased tariffs and pressure from the US administration push them toward rate cuts too?
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.
