Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
The EUR/USD rate tracks the price of the euro, the base currency, against the US dollar, the counter currency. It is one of the major FX currency pairs. The pairing links two enormous economies and consequently is extremely popular. Monetary policy announcements of both the European Central Bank and the US Federal Reserve will have an influence on this currency pair as well as the respective country's interest rates
The Federal Reserve keeps rates unchanged at 4.25% - 4.5%, signaling an extended pause. Powell reassures markets, while economic data remains key for future decisions. Read the full analysis.
13:13, 30 January 2025
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