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Market update from the team at Capex Currency; 💷 GBP: The British Pound is treading water, holding steady in anticipation of Wednesday’s Autumn Budget announcement. With increasing speculation around the Bank of England’s potential rate cuts in the two remaining meetings of the year, Sterling’s strength could face some headwinds. 💶 EUR: The Euro has been struggling recently but might find support on Wednesday with preliminary October inflation data. If inflation rises, it could offer some relief; however, if the data falls short, it could reinforce expectations for further ECB action, adding pressure to the Euro. 💵 USD: The U.S. Dollar is close to three-month highs, fuelled by upcoming key economic data releases. Investors are keeping a close eye on U.S. house prices, Q3 GDP, and the Fed’s preferred inflation measure, the PCE price index, all set to release later this week. As the week unfolds, these developments could shape the FX landscape significantly. Stay tuned for the latest insights and potential impacts on your international payments strategy! #FX #internationalpayments #budget #ukbudget

Sterling has reached the end of the week slightly down against the euro and 2.5% down against the US dollar. The euro has weakened by a similar amount against a resurgent dollar, which is stronger by at least 2% against most major rivals. Its strength has come from myriad sources, including positive and potentially inflationary economic data that prompted a hawkish response from Federal Reserve chair Jerome Powell, who said the USA’s “remarkably good” economic performance “is not sending any signal that we need to be in a hurry to lower interest rates.” As 2024 draws to a close, is your business prepared for the fallout from Trump's victory and an increasingly uncertain world? With all that going on, it’s never been more important to be proactive in how you manage your currency risk 📈📉 Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today 🔓✉️info@smartcurrencybusiness.com ☎️(+44) 020 7898 0500 https://lnkd.in/eFvx2F-y #currencynote #sterling #euro

Market update from the team at Capex Currency: 💷 GBP: The British Pound shows resilience despite losing some momentum, supported by the diminishing chance of a Bank of England rate cut in August. BoE Chief Economist Huw Pill emphasised the need for further efforts to address persistent inflation. 💶 EUR: The Euro strengthened following the ECB's recent policy announcement. Markets have adjusted the likelihood of a September rate cut to 65%, down from 73% pre-announcement. The Euro is likely to benefit from the ECB's data-driven approach in the short term. 💵 USD: The US Dollar saw a gradual decline after President Joe Biden announced he wouldn't seek re-election, leading to increased uncertainty about the upcoming presidential elections. Additionally, concerns about potential conflicts with China under a Trump presidency added pressure on the Dollar. Stay informed with the latest market updates and understand how these developments could impact your business. For tailored FX strategies, get in touch with our team at Capex Currency. #internationalpayments #fx #markets #usd #biden

🔥 Euro gets a boost from surprise inflation numbers! 🤔 Will the pound benefit from the UK's Spring Budget? 👀 Watch out for the ECB's rate decision and the US services PMI this week. The euro's on the rise, but will it last? Surprising Eurozone inflation data is making waves. Across the channel, the pound awaits the UK's Spring Budget – will tax cut plans boost sterling? Keep an eye on this week's key economic events, including the ECB rate decision and US services PMI, to see how they could shake up the currency markets. #forex #euro #entrepeneurship #money #foreignexchange

The Fizz Comes Out Of The Pound - MI130324 After a fairly decent run the Pound has lost a bit of traction versus most major currencies. Some of this will be down to technical selling, but there have been some news stories to support the decline. In particular the US released a slightly higher than expected inflation reading yesterday of 3.8%. Whilst this was only a slightly higher number it takes a bit of pressure off the FED to decrease interest rates in the near future. Outside of this there was an upbeat GDP reading in the UK this morning. Month on month growth has been reported as 0.2% Today sees a fairly quiet day for scheduled news. There's European industrial production numbers out later and the RICS releases its house price balance just after midnight in the UK. Economic calendar EUR: 10:00 Industrial Production UK: Thursday 00:01 RICS House Price Balance #currencytrading #fx #london #relocation #livingabroad #regencyfx #entrepreneurminds #entrepreneurlife #marketdata #gbp #londonlife #costofliving #internationalpayments #networking #luxurylifestyle #currencyupdate #fx #currency #strategy #expat #currencytransfer #exchangerate #usd #eur #euro #bankofengland #interestrates #inflation #retail #FED #federalreserve

Market update from the team at Capex Currency: 💷 GBP: The British Pound slipped at the close of yesterday’s session following Chancellor Rachel Reeves' Autumn Budget announcement. Despite earlier optimism that boosted Sterling, the Pound faced a “buy the rumour, sell the news” reaction as investors took profits. Losses were partially offset by the Government’s increased borrowing, which could contribute to inflationary pressures in the future. 💶 EUR: The Euro gained ground, supported by stronger-than-expected German GDP data for Q3. Germany’s economy grew by 0.2%, beating forecasts of a slight contraction. Attention now turns to the Eurozone’s preliminary CPI figures, which could set the tone for the Euro’s movement. 💵 USD: The U.S. Dollar pulled back from its recent highs, with markets awaiting key macroeconomic data that may impact Fed rate expectations. Investors are particularly focused on the upcoming Q3 GDP release, expected to highlight continued growth in the U.S. economy, potentially lending support to the greenback. As the markets respond to these updates, staying informed and strategic will be crucial for those with international exposure. #GBP #EUR #USD #FX #globaleconomy

Market update from the team at Capex Currency 💷 GBP - Last week, the British Pound edged higher as investors welcomed positive GDP figures showing that the UK economy expanded in August, marking the first growth since May. Looking ahead, all eyes are on Bank of England official Swati Dhingra’s speech this morning, which could provide further clarity on the BoE’s interest rate cut trajectory. 💶 EUR - the Euro opened today’s session on the back foot as concerns grow over the Eurozone’s economic outlook. Investors are increasingly worried that the bloc may be on the brink of recession due to slumping consumer activity. All eyes now turn to Thursday’s ECB policy meeting for further insights. 💵 USD - The US Dollar continued to gather strength, with the USD Index posting its second consecutive weekly gain. This comes amid growing bets on a slower pace of interest rate cuts by the Federal Reserve. Attention this week will shift to speeches by several Fed officials for further guidance on rate policy. To learn more about these market updates or find out the latest FX rates, please get in touch with the team. #internationalpayments #FX #marketupdate

Sterling benefited from an updraught of economic developments to end budget week almost 0.5% up against the euro and touching eight-month highs against the US dollar. EUR/USD also found some traction, gaining more than 1% over the course of last week. The pound’s gains mark a stark departure from the volatility around previous fiscal events. However, tempted as Jeremy Hunt may be to chalk up its strength to his budget, there were broader forces at play both on the continent and across the Atlantic. https://ow.ly/RwZe50QPTZS 2024 is a huge year. There are elections on the horizon, as well as interest rate decisions and a fractious geopolitical situation to navigate. With all that going on, it’s never been more important to be proactive in how you manage your currency risk 📈📉 Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today 🔓✉️info@smartcurrencybusiness.com ☎️(+44) 020 7898 0500 #currencynote #sterling #euro

Market update from the team Capex Currency: 💷 𝗚𝗕𝗣: Despite limited market-moving developments from the UK, the British Pound's recovery attempts failed, marking its fourth consecutive week of decline against the US Dollar. Market players are now closely watching Thursday's general elections in the United Kingdom. Expect some volatility in the British Pound as a result of this event. 💶 𝗘𝗨𝗥:  After being impacted by the far-right in yesterday's first round of the French snap election, the Euro has regained its upward momentum. Although Marine Le Pen's National Rally won the first round of France's legislative election, the lesser margin of victory than predicted by some surveys makes an absolute majority for the far-right seem less likely. 💵 𝗨𝗦𝗗: The U.S. Dollar continued its decline amid increasing speculation about a rate decrease, extending losses from Friday when PCE price index data indicated a slight slowdown in inflation. Investor expectations for a 25 basis point rate cut by the Federal Reserve in September increased following the report. This week's focus will be on additional Fed signals and Friday's Non-Farm Payrolls data. Stay updated with Capex Currency for all your FX needs. #interestrates #internationalpayments #currency #fx