Dear Reader,
Today's overview of economic news and market action
- Monetary policy very much in focus at the moment
- Last week saw ECB cut by 25bps, as expected.
- Currency-wise, dollar held the upper hand
- EUR/USD opens this am just above $1.05, GBP/USD in the lower half of $1.26-1.27
- This week’s central bank meetings include the Fed (25bps cut f’cast) and BoE (no change)
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0517 |
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0.51 |
-4.70 |
| EUR/GBP |
0.832 |
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0.73 |
-4.01 |
| GBP/USD |
1.2638 |
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-0.19 |
-0.71 |
| GBP/EUR |
1.2014 |
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-0.72 |
4.18 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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