Wednesday 5th February 2025
· USD weakens as tariff concerns subside.
· Markets await signs of easing US-China trade tensions.
Recap
· USD continued to sell off, aligning with falling yields.
· December job openings dropped to 7.6 million, below the expected 8 million.
· Despite the decline, the job market remains strong.
· Figures have not significantly impacted rate expectations.
Today’s Rates
Today's Interbank Rates at 10:25 am against GBP movement.
GBP>EUR – 1.2030
GBP>USD – 1.2521
EUR>GBP – 0.8311
EUR>USD – 1.0408
GBP>CAD – 1.7884
GBP>AUD – 1.9925
GBP>SEK – 13.665
GBP>CHF – 1.1293
GBP>PLN – 5.0587
GBP>AED – 4.5972
GBP>HKD – 9.7481
GBP>ZAR – 23.290
Today’s Key Takeaways
· China retaliated against Trump’s tariffs by launching a probe into Google and imposing new tariffs on US goods.
· The USD strengthened slightly on risk aversion but could face a correction if trade tensions ease.
· Tariffs remain a key risk, with FX volatility expected to stay elevated in the coming months.
· Today, market attention is on US JOLTS data.
· GBP gained from its “tariff-haven” status but faces a potential risk from Thursday’s Bank of England meeting.
· Any dovish signals from the BoE could fuel rate cut expectations, putting pressure on GBP.
5th February 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.
Contact Us
Frank eXchange Limited is a trusted service partner of International Britain, offering a consultancy network of businesses designed to elevate your company on a global scale. Discover more about International Britain and explore other trusted members of our network by clicking the logo.
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 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 Frank eXchange are also 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
Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business ("MSB") with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.
Anti-Bullying and Harassment Policy
At Frank eXchange Limited, we are committed to providing a safe and respectful environment for both our customers and staff. We do not tolerate any form of bullying, harassment, or abusive behaviour towards our employees.
Any communication that is deemed offensive, threatening, or disrespectful may result in the termination of services. We expect all interactions to be conducted with professionalism and courtesy to ensure a positive experience for everyone involved.
Thank you for your understanding and cooperation.
Website designed by: We Are Doodlebug