FX picks up again! US Dollar tumbles after the ECB and BOE – EUR/USD, GBP/USD Overview

30 April 2026 at 14:29 UTC Referenced assets We are officially concluding a massive, high-stakes week for global monetary policy, with the FOMC, BoC, BoJ, ECB, and BoE all revealing their interest rate decisions and forward guidance for the next month and a half. Overall, the markets received nothing revolutionary; most central banks remain firmly entrenched in a defensive stance as they navigate the unpredictable, cascading effects of wartime inflation. The Federal Reserve, the European Central Bank, and the Bank of England all echoed a remarkably similar, cautious sentiment: broader economic growth is being severely hindered by energy prices aggressively surging to four-year highs (Brent just reached 2022 highs at around $120, but is now correcting aggressively).

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