top of page
Search

8th April

  • ben15599
  • Apr 8, 2024
  • 2 min read

Top Currency Pairs

Monday 8th April 04:00 UTC

GBP/USD: 1.26303 (Last Week: 1.25418)

EUR/USD: 1.08334 (Last Week: 1.07301)

GBP/EUR: 1.16587 (Last Week: 1.16884)


If you would like to book in a forward contract to reduce market volatility, please speak with your account manager or contact the team at +44 20 3908 4662 - info@goxchange.co.uk


Market News

Pound Sterling

The British Pound was subdued at the end of last week as a lack of UK economic data left the currency rudderless. In fact, with no fundamental drivers, Sterling wavered in a wide range and lost ground against its peers. Looking forward, the British Pound starts the new week under pressure as markets are betting that the Bank of England could cut borrowing costs as soon as June given signs that inflation is coming to heel.


Euro

The Euro continues to trade on the back foot as pressure is mounting on the ECB to cut elevated interest rates as economic growth remains anaemic and inflation continues to decline towards target. However, Thursday’s ECB monetary policy meeting is almost certain to conclude with no change in interest rates. Nevertheless, prominent governing council members have been vocalizing their preference for June as the appropriate meeting to start a managed rate cutting cycle.


US Dollar

The U.S. Dollar rallied on Friday and steadied in early European trade this morning as a blowout nonfarm payrolls report saw investors sharply scale back expectations that the Federal Reserve will cut interest rates in June. Looking forward, inflation data for March as well as the minutes of the Fed’s March meeting are due on Wednesday. Both are expected to provide more cues after a slew of officials warned that the bank was in no hurry to trim rates.


If you require alternative currency pair updates, please get in touch and we can arrange for a personalised weekly newsletter. For other FX enquiries, or to book a demo, please call us on 020 3908 4662, or email us at info@goxchange.co.uk


Disclaimer: This is not investment advice; it is for informational purposes only.


ree

 
 
 

Recent Posts

See All

Comments


Untitled design.png
  • LinkedIn
  • Instagram

CurrencyCloud

For clients based in the European Economic Area, the issuance of e-money and the provision of related payment services for GoXchange Ltd are provided by CurrencyCloud B.V. CurrencyCoud B.V. is registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701).


Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.


For clients based in the United Kingdom, payment services for Go Xchange Limited are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). 

Currencycloud Terms of Use

GC Partners

Go Xchange's payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.

© 2022 Go Xchange. All rights reserved.

Go Group Holdings

For support - please call 020 3908 4662 or email info@goxchange.co.uk

For any formal complaints, please contact us via:

Email: complaints@goxchange.co.uk

Phone: 020 3908 4662

Post: 20-24 High Street, Rayleigh, Essex. SS6 7EF

We aim to respond promptly within 24 hours, provide a resolution within 15 days which may extend to 35 days in exceptional circumstances.

bottom of page