---
title: Daily Market View 16-04-2026
description: USD weakens as peace talks progress, while UK GDP surprises with 0.5% growth. Market insights and analysis to navigate today's currency dynamics.
---

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

# [Daily Market View 16-04-2026](https://caxton.io/fx-news/daily-market-view-16-04-2026)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Apr 16, 2026 8:37:36 AM

# More peace talks mean bad news for USD

 

**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.  

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

## Today's Economic Calendar

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

 No major releases

 

 

 

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