When it comes to navigating the complex world of foreign exchange and international payments, knowledge is your best ally. That's why we've compiled a guide to the key dates and financial events in September 2024 to be aware of when making cross-border payments.
Whether you're a seasoned trader or just dipping your toes into the financial waters, understanding these economic indicators can make a significant impact, and allow you to make informed financial decisions.
Read on to stay informed and discover how we can empower your international financial transactions, or visit our Economic Calendar for September.
First it's jobs week from the US and these numbers will be closely monitored more than ever, given the drop in numbers last month and the recent fears that the US could already be in recession. Signs of weakness could well aid the seasonal trend of equity market underperformance, which would mean risk off markets and thus could well see markets flock to safe havens. GBP would be at risk if that is the case.
It's a busy week again with the release of UK job numbers on the Tuesday, and whether this adds to the argument of another possible rate cut by the Bank of England in September. US CPI numbers are due on the Wednesday, which should help markets decide whether a 0.25% rate cut is on the cards or a deeper cut of 0.50%. The ECB are widely expected to cut interest rates again by 0.25%.
This week, the UK CPI numbers are due out a day before the Bank of England rate decision, where markets are currently placing a 20% chance the Bank will cut rates. The Fed are widely expected to cut rates by 0.25% on the Wednesday, but we could see a larger cut should the months job and CPI numbers dictate so.
This week is expected to be slightly quieter, with only the US growth numbers and the core PCE inflation numbers expected from the US. But these will be revisions to the numbers from the second quarter, so unlikely to be a major driver for FX moves.
Now that you're aware of the key economic events taking place in 2024, let's talk about how Equals Money can elevate your international payments experience. Our service is designed to make your life easier and transactions smoother.
In conclusion, staying informed about key economic calendar indicators, events, and dates is vital for making informed financial decisions. Whether you're monitoring GBP, EUR, or USD, these dates can significantly impact your currency exchange rates.
For the dates, events, and economic indicators that matter most to businesses, investors, and economic enthusiasts. Our Economic Calendar offers comprehensive insights into the meaningful indicators influencing market movements and FX rates across the UK, US, and EU.
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