Friday 14th February 2025

John Hall • February 14, 2025

TODAY’s RATES & MARKET NEWS

· GBP/USD and EUR/USD strive to reach new 2025 highs

· USD weakens as tariff delay takes effect.

Recap

 USD selling continued in the afternoon after a CNBC report suggested Donald Trump's tariff announcement would be delayed until around April 1st.

 GBP/USD and EUR/USD tested resistance levels but failed to break through.

 Markets remained cautious, awaiting confirmation before pushing the currency pairs higher.

Today’s Rates

Today's Interbank Rates at 10:45 am against GBP movement.

GBP>EUR – 1.2014

GBP>USD – 1.2576

EUR>GBP – 0.8322

EUR>USD – 1.0467

GBP>CAD – 1.7835

GBP>AUD – 1.9851

GBP>SEK – 13.487

GBP>CHF – 1.1344

GBP>PLN – 5.0015

GBP>AED – 4.6184

GBP>HKD – 9.7809

GBP>ZAR – 23.090

Today’s Key Takeaways

· Trump administration signed a measure proposing reciprocal tariffs on a country-by-country basis, starting as early as April.

· Market reacted sharply, with USD weakening.

· GBP/USD surged to its highest level of the year, while EUR/USD retested key resistance levels.Key data releases today: Preliminary Q4 GDP for Europe and US retail sales.

14th February 2025

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