Friday 14th February 2025
· 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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