Daily Market View 24-04-2026

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Daily Market View 24-04-2026
0:35

The Straight of Hormuz’s closure is beginning to have an impact on inflation

1 Minute Market Rundown

  • As the Middle East conflict continues and the Straight of Hormuz remains closed, we are starting to see the impact in inflation figures.
  • The PMI print from the Eurozone released yesterday indicate that businesses are already passing on the increased energy costs to consumers; we will be watching the Michigan Consumer Sentiment survey release closely today, as we are in the Fed’s blackout period
  • Mandleson scandal in the UK continues to drag on, as we gear up for the 7th May local elections at home.

 

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                1.3467

 GBP/EUR                1.1528

 GBP/CAD              1.8459

  GBP/AUD               1.8894

  GBP/NZD                2.3017

     GBP/JPY                 215.1010

  EUR/USD                 1.1682


 

Today's Economic Calendar

Major Economic Releases (All times in GMT)


Michigan Consumer Sentiment survey – 3PM
 
 
 

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