Daily Market View 23-04-2026

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Daily Market View 23-04-2026
0:33

The Strait of Hormuz remains “impossible” to open

1 Minute Market Rundown

  • UK CPI inflation rose to 3.3%, largely driven by rising fuel prices which showed motor fuel increasing by 8.7%, the biggest rise since June 2022 following Russia’s invasion of Ukraine.
  • BOE remain unlikely to hike rates next week at the next interest rate meeting following this CPI release yesterday.
  • Iran stated opening the Strait of Hormuz is “impossible” due to ceasefire breaches from the blockades.
    The US have stated there is “no time frame” on the war ending.

 

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

Currency Pairs         Open

 GBP/USD                1.3489

GBP/EUR                1.1527

GBP/CAD              1.8430

GBP/AUD               1.8848

  GBP/NZD                2.2895

  GBP/JPY                 215.296

EUR/USD                 1.1702


 

Today's Economic Calendar

Major Economic Releases (All times in GMT)


PMI data from UK, USA and Eurozone.

 
 
 

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