
In this video, Gary Thomson explores the key September central bank meetings and whether policy divergence could impact major FX pairs.
👉 Key topics covered:
✔️ ECB Decision — 10 September — Markets are pricing a high probability of a 25-basis-point hike. Will the ECB signal that further tightening is still possible?
✔️ Fed Decision — 16 September — Although markets lean towards a hold, renewed inflation pressure could bring a hike back into focus.
✔️ BoE Decision — 17 September — UK inflation remains elevated, but slowing wage growth and a softer labour market could keep the Bank Rate unchanged.
✔️ BoJ Decision — 18 September — Markets are increasingly considering a 25-basis-point hike. Could tighter Japanese policy provide lasting support for the yen?
✔️ FX Divergence in Focus — EUR/USD, GBP/USD, EUR/GBP, USD/JPY, EUR/JPY could all react as markets reassess the expected paths of interest rates.
With four major central bank decisions in just eight days, it may be the changes in expectations — not only the decisions themselves — that drive the FX moves.
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