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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Looking back over March, risk averse mood has dominated
  • Global trade concerns and consequences for economic growth has weighed on sentiment
  • Currency-wise, the dollar has been under significant pressure
  • EUR/USD starts last trading day of March in lower half of $1.08-1.09
  • EUR/GBP is near midpoint of 83-84p
  • Ahead this week, big focus will be on President Trump’s new tariff plans (Wed)
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0826   0.33 4.57
EUR/GBP 0.8357   0.25 1.02
GBP/USD 1.2948   0.08 3.49
GBP/EUR 1.1959   -0.25 -1.01
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
Bank of England Watch - March 2025
 
 

The March policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave the Bank rate unchanged at 4.50%. Today’s decision was very much in-line with market expectations.
 
 
US Fed Watch - March 2025
 
 

The March meeting of the US Federal Reserve Open Market Committee (FOMC) saw the central bank leave policy on hold. The target range for the Fed funds rate was maintained at 4.25-4.50%.