06/02/2025
Markets are focused on today’s BoE rate decision, with expectations of a 25bp cut.
The US Dollar remains under pressure following weak economic data, while traders await key employment reports later in the week. The Pound is in focus ahead of the BoE’s rate decision, which could set the tone for Sterling’s direction.
Markets remain focused on trade tensions, particularly between the US, China, and Europe, as Trump’s tariff policies continue to drive volatility.
The US Dollar remains in firm control following President Trump’s aggressive trade measures, which have rattled global markets.
As we move into February, the focus remains on central bank policy direction.
Markets are focused on today’s US PCE inflation data, which could have significant implications for Fed rate expectations. The ECB rate cut and weak Eurozone GDP have put further pressure on the Euro, while Sterling is consolidating ahead of next week’s BoE decision.