Dear Reader,

 

Today's overview of economic news and market action: 

  • Investor sentiment saw some improvement last week
  • No major surprises from the Fed or BoE meetings
  • Main FX pairs were relatively range bound
  • Euro was holding marginally softer tone
  • EUR/USD starts this week below $1.09, EUR/GBP sub-84p
  • This week’s macro diary highlights include flash PMIs (Mar) and US core-PCE inflation (Feb)
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.084   0.12 4.70
EUR/GBP 0.8373   0.00 1.21
GBP/USD 1.2942   0.12 3.44
GBP/EUR 1.1937   0.00 -1.19
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 

 
More Economic News
 
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%.

 
Read More
 
 
 
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.

 
Read More