10 March 2025
Weekly Market Headlines:
Recent market movements have brought positive gains for the British pound against the US dollar, reaching a four-month high. A weaker US dollar, driven by concerns over the US economy, has led major banks to lower their growth forecasts, pushing GBP to USD exchange rates higher. For example, a £100,000 transfer today would get you an additional USD $8,500 compared to early January.
Key Market Insights:
- Key data ahead includes US inflation figures (released Wednesday) and UK GDP data (Friday), both of which could cause further volatility. Unexpected results may impact rates, so staying informed is crucial.
- Since EUR to USD influences 25%-30% of global trades, any shifts in the US dollar often have a ripple effect on euro exchange rates as well. If you’re transferring euros, it’s worth keeping an eye on these movements.
- With UK industrial and manufacturing data also due this week, we could see further fluctuations in sterling’s value. If the data surprises the market, it may create opportunities to secure a more favorable exchange rate.
How we can help you:
At Lumon, we help businesses manage downside risk in foreign exchange markets while providing the flexibility to benefit from favorable rate movements.
To discuss how we can support your business, please contact your dedicated currency specialist on +44 (0) 203 384 7280 to discuss solutions tailored to your needs.
