---
title: Daily Market View 15-10-2025
description: Central bank comments impact FX markets, with modest Pound gains against the Dollar. Powell hints at more cuts, while Bailey's tone remains neutral amid UK employment concerns.
---

[FX News | Caxton Daily Market View ](https://caxton.io/fx-news)

# [Daily Market View 15-10-2025](https://caxton.io/fx-news/daily-market-view-15-10-2025)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Oct 16, 2025 8:39:03 AM

## Central Bank comments set markets on edge

 

GBP-

The Dollar struggled in the early hours of this morning, down 0.2% against the Pound in early trading following very dovish statements in Philadelphia by Fed Chairman Powell. Powell mostly repeated the overall message that the Fed had during the September interest rate meeting, that the US jobs market is softening and that the Fed has to stop this slip becoming a slide.

At the same event, Bank of England Governor Andrew Bailey stepped up to make much similar remarks, just in a slightly more toned down way. 

It is strange to watch the Fed fuss so much about relatively low US unemployment and a moderating rate of job creation, whilst the BoE hardly mentions the ongoing real crisis brewing in the UK jobs market. 

Overall UK unemployment is at 4.8%, when it started at 4.3% this year, whilst average private sector pay has fallen to a crawl at 2.4% annualised. Bailey's comments were positive for those waiting to hear an official opinion on the matter, but they did little to practically move the dial in markets, as expectations of rate cuts from the BoE this year remained relatively unchanged. 

## Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote

## Today's Economic Calendar

**Major Economic Releases (All times in BST)**

No Major Economic Releases Today

 

 

 

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