---
title: Daily Market View 31-10-2025
description: "Daily FX Market insights: Pound recovers modestly against Euro; Barclays anticipates BoE rate cut; US PCE data expected to show rising producer costs. Stay informed with our daily market view."
---

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

# [Daily Market View 31-10-2025](https://caxton.io/fx-news/daily-market-view-31-10-2025)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Oct 31, 2025 9:45:43 AM

## Quiet Day Allows us to Look Ahead

 

GDP-

Some days, there simply ain't no fish and today is one of those days. The only real release on the calendar is the US PCE data for September, PCE being producer cost expenditure. This figure is likely to be higher, just as the CPI was for September, as tariffs continue to bite.

The Pound is still struggling against the Dollar, but is recovering against the Euro, which is possibly something to do with the chart showing estimates of the BoE's interest rate after next Thursday's meeting. I remain unconvinced that we'll see a cut, after inflation just held at 3.8% over the past two months, still much too high. 

Time will tell however and Barclays certainly think that with unemployment high and rising, growth low and inflation now paused, there's a better chance than not of a cut. 

 

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

## Today's Economic Calendar

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

12:30- US PCE Data

 

 

 

[View full post](https://caxton.io/fx-news/daily-market-view-31-10-2025)

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