Weekly Market Insights with Gary Thomson: Fed and BoJ Interest Rate Decisions and UK Inflation

Three events could shape currency markets this week, with UK inflation and two key central bank decisions scheduled within just two days.

In this video, Gary Thomson looks at the latest UK inflation data, the Federal Reserve’s unusually uncertain rate decision and the Bank of Japan’s expected policy tightening — and what they could mean for GBP, USD and JPY.

👉 Key topics covered:

✔️ UK Inflation — 16 September — With inflation risks building again ahead of the Bank of England’s September meeting and the UK government’s October Budget, could stronger price growth increase expectations for another BoE rate hike later this year and support the British pound?

✔️ Fed Interest Rate Decision — 16 September — Markets are pricing in around a 62% probability of a 25-basis-point hike. With a September hike far from fully priced in, the decision itself could trigger a notable market reaction. Economic projections and the press conference may have an additional impact on the US dollar.

✔️ BoJ Interest Rate Decision — 18 September — Markets expect a 25-basis-point rate increase, with USD/JPY already falling to its lowest level since February 2026. Could signals about further quarterly hikes provide additional support for the Japanese yen?

With GBP, USD and JPY all sensitive to changing rate expectations, these three events could bring volatility to currency, commodity and equity markets.

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