FX markets

Daily Market View 15-12-2025

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1:32

Huge Week Ahead for Major Economic Data

1 Minute Market Rundown

This is a big week for data and decisions, with the Bank of England and the European Central Bank set to announce interest rate decisions on Thursday 18th December.
US and UK jobs figures will be released on Tuesday 16th, followed by UK inflation data on Wednesday 17th.

GDP

At last, even in these sleepy weeks before Christmas, there is still much to discuss. Whilst the delayed US Non-Farm Payroll data releasing tomorrow may have the most worldwide traders glued to their desks, UK CPI, unemployment and the BoE decision will be the most crucial for the GBP 2026 outlook.

Screenshot 2025-12-15 080843

The market is 91% sure of a cut come Thursday from the 'old lady' of Threadneedle Street when MPC members meet for the last time this year on Thursday. There is much more debate regarding what happens next year, with most suggesting only 2 more cuts from the BoE before the rate is left around 3.5%. This seems too little to me, given the state and snails pace of the economy, but the upcoming data should help inform that.

With Christmas only around the corner we expect this to be the last busy week before traders head off on their holidays.

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)

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