Daily Market View 01-12-2025
Listen to this daily briefing
PM and Chancellor Under Fire for "lying" About Black Hole
GBP-
Things are going to start becoming very slow as we get closer to the merry period, but for now, the Government is in hot water as its charged with lying by the opposition. The problem stems from this irritating new phenomenon coined by Labour of "the black hole".
The party alleged a £25bln "black hole" in 2024 following their ascent and recently claimed another of £30bln after an OBR downgrade to productivity.
Naturally, there will be a million ways the Government can wriggle out of the charge, especially with the OBR's reputation worse than ever following their early release of the budget last Wednesday, totally sucking the air out of the Chancellor's actual announcement.
As we get closer to Christmas many traders will be logging off and leaving us with lower volatility and lower volume, the Central Banks mostly make their decisions in the third week of this month and so we remain on wait for them.
Markets Today
*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.
Today's Economic Calendar
Major Economic Releases (All times in GMT)
No major releases
Book Currency Workshop
Learn how market shifts impact your FX need or your business, directly from our analyst in a free consultation by good old fashioned phone call.
Sign up for the monthly outlook
The currency markets never sit still. Neither should your plans. Join 45 minutes of practical, jargon-free analysis on what’s moving the markets—and what it means for you or your business.
-modified%20(2).png)
Share this article
