Daily Update 28/01/2025

John Hall • January 28, 2025

Tuesday 28/01/2025

Key Headlines:

  • Trump Advocates for Broad Tariffs: President Trump proposes expansive tariff measures, signalling potential trade policy shifts.
  • Safe Haven Buying Dominates Market: Investors shift toward safe-haven assets amid heightened market uncertainty.


Recap

Yesterday saw a surge in safe-haven buying, with JPY and CHF strengthening broadly as equities dipped following concerns over the launch of a lower-cost AI model by Chinese start-up DeepSeek. The USD also managed to recover from earlier losses.


Today’s Rates

Today's Interbank Rates at 09:45 am against GBP movement.

GBP>EUR – 1.1925

GBP>USD – 1.2449

EUR>GBP – 0.8383

EUR>USD – 1.0434

GBP>CAD – 1.7915

GBP>AUD – 1.9905

GBP>SEK – 13.690

GBP>AED – 4.5706

GBP>HKD – 9.6960

GBP>ZAR – 23.291

GBP>CHF – 1.1271

GBP>PLN – 5.0184

Today’s Key Takeaways

  • USD Strengthens: The dollar is up approximately 0.5% this morning following Donald Trump's overnight remarks indicating plans for "much bigger" tariffs than 2.5% across the board.
  • Expanded Tariff Plans: Trump announced future tariffs targeting foreign chips, pharmaceuticals, and metals, signalling a broadening trade strategy.
  • Risk Sentiment Declines: Tariff concerns have dampened market risk appetite, prompting a shift toward safe-haven assets.
  • Market Outlook: With limited data releases today, the focus is likely to remain on safe-haven buying amid ongoing tariff uncertainty.


28th January 2025



This document has been prepared solely for information and is not intended as an Inducement concerning the purchase or sale of any financial instrument. By its nature market analysis represents the personal view of the author and no warranty can be, or is, offered as to the accuracy of any such analysis, or that predictions provided in any such analysis will prove to be correct. Should you rely on any analysis, information, or report provided as part of the Service it does so entirely at its own risk, and Frank eXchange Limited accepts no responsibility or liability for any loss or damage you may suffer as a result. Information and opinions have been obtained from sources believed to be reliable, but no representation is made as to their accuracy. No copy of this document can be taken without prior written permission.

UK Job Market Weakens While GBP Holds Firm | US Dollar Rises on Hawkish Fed Signals

By John Hall • July 17, 2025
📉 Labour market shifts and central bank signals are driving currency volatility. With UK job data pointing toward a potential BoE rate cut and the US Dollar gaining on hawkish Fed commentary, exchange rates are on the move — fast.

UK Inflation Surprise Lifts Sterling | US Policy Signals and PPI Data in Focus

By John Hall • July 16, 2025
A look at stronger-than-expected UK inflation, its impact on GBP, and key developments in US monetary policy and trade.

Market Update: US Inflation Data & UK Policy Commentary in Focus

By John Hall • July 15, 2025
The British Pound (GBP) is still weakening as we await crucial economic data releases. Meanwhile, trade tensions between the US and the European Union persist, creating ongoing uncertainty in global trade.

How Inflation, Jobs Data & Trade Talks Are Shaping Global Markets

By John Hall • July 14, 2025
This week’s economic calendar is packed with market-moving data from the UK and US — including CPI inflation, jobs figures, and retail sales.

US Inflation Report in Focus: Will Hotter Data Derail Rate Cut Hopes?

By John Hall • July 11, 2025
Markets are bracing for a pivotal US inflation report next week — the most significant since January. With Jamie Dimon warning of rising rates and inflationary pressure building, could this shift the Fed’s strategy and shake up market expectations?

Markets Climb as Tariff Fears Fade, Nvidia Hits $4 Trillion: What Central Banks Are Watching Now 👀

By John Hall • July 10, 2025
Despite tariff tensions, U.S. equity markets are reaching new heights—driven by investor confidence and landmark milestones like Nvidia’s $4T valuation. But as the spotlight shines on tech, central banks are quietly sounding alarms over global debt and long-term risks

Tariffs Trigger Market Moves: Copper Surges, Dollar Shifts

By John Hall • July 9, 2025
Your quick guide to today's major market movers! 🌍 We've summarized the latest on US tariffs, their impact on commodities like copper, and the evolving role of the US dollar.

Trade Truce or Tactic? Latest Tariff Update & Market Impact

By John Hall • July 8, 2025
Are tariffs cooling off, or just shifting gears? 🤔 Our newest market recap uncovers why German exports are feeling the heat, what "TACO Trade" means for future policy, and where key negotiations stand.

Dollar Strengthens as July 9th Tariff Deadline Looms

By John Hall • July 8, 2025
The clock is ticking! ⏰ With the July 9th tariff deadline just around the corner and new signals from the Fed and UK GDP data on the horizon, markets are buzzing.

Tariffs & Taxes: How U.S. Policy Moves Are Shaping Global Markets This July

By John Hall • July 4, 2025
📉📈 As the U.S. tax bill gains traction and tariff tensions rise, markets are reacting fast. With dollar weakness, investor caution, and a holiday pause amplifying uncertainty, now’s the time to understand what’s really driving sentiment.
More Posts