Yesterday, the Bank of England cut interest rates by 25 basis points, lowering them from 4.75% to 4.50%. Notably, two MPC members voted for a larger 50 basis point cut, suggesting there could be further reductions ahead as policymakers look to support economic growth.
This morning, German Industrial Production data once again fell short of expectations, reinforcing concerns over the eurozone’s economic momentum.
Looking ahead, this afternoon brings the release of US and Canadian employment figures. While analysts anticipate slightly weaker numbers, any unexpected surge in job growth could drive market volatility.
Additionally, markets remain on edge, awaiting the next move from President Donald Trump, with potential policy shifts that could further impact the global economic outlook.
With increasing uncertainty, timing is everything.
To discuss your market entry strategy, feel free to reach out to your personal account manager.
EUR: 07:00 Industrial Production
UK: 07:00 House Price Index
US: 15:00 Non-Farm Payrolls
CANADA: 13.30 Employment Data
As ever we look forward to keeping you in the loop and look out for our next update.
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