Market insights

US Interest Rate Unchanged - MI130624

As expected it was a volatile day for GBP/USD.

A big spike on the back of their inflation numbers followed by a retrace after the FED interest rate decision.

As a contrast GBP/EUR is still breathing rarefied air at the level it's at right now.

With not a lot of scheduled news it's difficult to see anything that will change that today.....however the lobbying back and forth re the election could be a mover.

There is the Bank of Japan interest rate decision in the early hours of tomorrow and that's about the highlight.

Business news is equally light today with Elon Musks pay deal being the only highlight which won't affect the FX markets in any way.

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Economic calendar

JPN: Friday 05:00 BoJ Interest Rate Decision

As ever we look forward to keeping you in the loop and look out for our next update.

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