Daily Market View 16-04-2026

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Daily Market View 16-04-2026
1:22

More peace talks mean bad news for USD

1 Minute Market Rundown

  • USD softer still as admin talks up extension to ceasefire to allow for more formal peace talks
  • Oil steady at the $96 a barrel mark on the back of news
  • UK GDP beats all estimates to grow 0.5% in the month of February, just before the war

 

USD -

A relatively quiet evening in terms of the excitement we have seen over the past few weeks, with the President remaining surprisingly tight lipped. Despite this, there is growing hope that there will be an extension to the 2 week ceasefire agreement that was reached last week.  

Screenshot 2026-04-16 091356


Across the pond, UK growth beat all estimates to print out a punchy 0.5% figure in February, the worst possible time. The services and building industries helped the surprise the most, with a big dose of government spending too. Given that current futures market numbers suggest a 30bps increase in the BoE's base rate by the end of the year, its a tight spot. 

 

Markets Today

*Please be aware the below rates represent the market rate at 7:30 AM, contact your Caxton dealer on check online for a live quote

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Today's Economic Calendar

Major Economic Releases (All times in GMT)

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