17 March 2025
Weekly Market Headlines:
- In the UK, last week’s data showed a 0.1% dip in economic growth, adding weight to Thursday’s Bank of England rate decision. While no change is expected, any shift in voting patterns could signal future cuts, potentially weakening the pound. For example, if GBP to EUR were to fall by 1%, exchanging £100,000 could mean receiving €1,200 less than before.
- February’s US retail sales data, released this afternoon, will provide insight into the economy’s strength. Recent signs of weakness suggest a slowdown, which could fuel expectations of future rate cuts and impact USD exchange rates.
- On Wednesday, the Federal Reserve is expected to keep interest rates unchanged despite pressure for a cut. A steady rate may support the US dollar, but any surprises could trigger market fluctuations.
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What’s happening this week?
USA
- Monday: Retail Sales data
- Wednesday: Interest Rate decision
GBP
- Thursday: Bank of England Interest Rate decision
