Tuesday 30/04/2024
Daily Update 30/04/2024
Key Headlines
• Focus on the core CPI number today
• Fed’s wage measure set to rise
Recap
GBP enjoyed gains across the board yesterday, a bit of a surprise given there were no clear catalysts behind the move. The initial gains we saw on JPY in the morning eased as the day progressed.
Today’s Overview
All eyes open at 10am waiting for the inflation and growth numbers from Europe. Markets are currently pricing in a 0.25% rate cut for June, followed by another 0.25% cut in September, and this mornings could well be important in determining if the needle for a second rate cut moves to July instead. Growth in the eurozone looks to be pretty stagnant to 0.1% for the 1st quarter. Later in the afternoon we have the Fed’s preferred measure of inflation, the employment cost index, and upside pressure on this will likely cause USD gains.
Equals Market Analysis– 30th April 2024
Today’s Rates
Today's Interbank Rates at 09:55 am against GBP movement.
GBP>EUR – 1.1708
GBP>USD – 1.2537
EUR>USD – 1.0710
GBP>CAD – 1.7171
GBP>AUD – 1.9207
GBP>SEK – 13.772
GBP>AED – 4.6047
GBP>HKD – 9.8070
GBP>ZAR – 23.447
GBP>CHF – 1.1439
GBP>PLN – 5.0569
Speeches
• None today.
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.
Office
Frank Exchange Ltd.
Unit F1, Ransom Hall, Ransom Wood Business Park, Southwell Road West,
Mansfield, NG21 0HJ.
Legal - Terms and conditions | Privacy policy
For clients based in the European Economic Area, payment services for Frank eXchange Limited are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Frank eXchange Limited are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
For clients based in the United Kingdom and rest of the world, payment services for Frank eXchange 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).
Payment services for KratosFX are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). License No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951