ChamberFX Weekly Brief
Keep up-to-date on foreign exchange developments and news with our brand new ChamberFX weekly briefs. These valuable weekly insights are provided by Andy Dobson, International Payments UK, MoneyCorp. Andy is our regional representative and will also be providing useful monthly FX forecasts to help chamber members with their currency strategies.
April 2024 Forecast
“March was another quiet month in terms of overall FX inter-bank trading ranges, with GBP/USD sitting between 1.2580 - 1.2880, and GBP/EUR holding in a very tight range again of 1.1630 - 1.1758.
However, we did have a couple of highly notable events, with the Bank of Japan raising interest rates for the first time in 17 years (to a whopping 0.10%), and the Swiss National Bank becoming the first major central bank to begin cutting interest rates. When will others follow?”
Weekly FX Briefs
Contact
For further information and advice on Hull & Humber's ChamberFX, or for assistance with your currency strategy, please click here or contact Lorraine Holt at l.holt@hull-humber-chamber.co.uk or call 01482 324976.
Service delivered by Hull & Humber Chamber of Commerce in partnership with TTT Moneycorp Limited.
TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
