This week's IMPORTANT News!!

Following the coronation of King Charles III, the UK is at the center of this week’s news, but not simply because of that - we have plenty of finance news coming up. This week’s agenda is full - with crucial speeches & decisions from the Bank of England that will shape the fate of GBP in the medium-term.

Thursday will bring much volatility as the rate decision and the minutes are followed by a speech by the Governor. Crucial US inflation data is released on Wednesday & RedFX will continue to give clients a detailed view and tailor-made solutions throughout.

Other news:

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Rates cuts are being signalled, China ramps up stimulus & the world prepares for 20th Jan

Rate cuts are widely expected across most developed economies - the varying pace of these cuts will affect currency moves globally. The world is also trying to prepare for the inauguration of President Trump on 20th Jan25 which will have impacts across the global economy and the structure of political governance in the USA.

USD eases back from high levels, UK and EU inflation refuses to drop

As the USD pulls back and the market takes a breath for Thanksgiving, central banks will have to carefully consider how trade ‘wars’ will impact domestic economies and policies in early 2025. FX will be greatly impacted, alongside economic growth paths