FX markets

Daily Market View 24-02-2026

Listen to this daily briefing

0:53

Quiet tone sweeps over markets in lieu of data

1 Minute Market Rundown

No major economic releases today mean a greater focus by traders on the raft of Fed speakers lined up
Iranian situation ticks up in seriousness as US Carrier groups arrive off coast of Oman
February could still have some surprises left but with no major UK data until March, any GBP movements will likely be USD led

USD-

Some days, they're just ain't no fish, as the markets initially concerned reaction to Trump's fresh tariffs fades into acceptance and with very little in the calendar for releases, today seems likely to be slow.

Screenshot 2026-02-24 084107

Of course, there are still wagers being placed, risk reversals for GBPUSD suggest a modest uptick in support of a more bullish GBP outlook, although Puts remain preferred over Calls on a 1 month basis. The Yen is falling following a report that suggested PM Sanae Takaichi took a harder line of the prospect of BoJ rate cuts than first expected.

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)

No Major Releases

Book Currency Workshop

Learn how market shifts impact your FX need or your business, directly from our analyst in a free consultation by good old fashioned phone call.

Book now

Sign up for the monthly outlook

The currency markets never sit still. Neither should your plans. Join 45 minutes of practical, jargon-free analysis on what’s moving the markets—and what it means for you or your business.