Dear Reader,

 

Today's overview of economic news and market action: 

 

  • The positive tone to investor sentiment continued yesterday …
  • Data-wise, the flash PMIs for April in the Eurozone, UK and the US were somewhat mixed …
  • On the currency front, trading conditions were choppy yesterday …
  • However, the main FX pairs settled at levels similar to yesterday’s open …
  • EUR/USD is at the midpoint of $1.13-1.14 …
  • GBP/USD is in the top half of the $1.32-1.33 corridor …
  • Elsewhere, EUR/GBP remains close to the halfway mark of 85-86p …
  • Today, the macro calendar is relatively sparse …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.135   -0.35 9.63
EUR/GBP 0.8547   -0.13 3.31
GBP/USD 1.3277    -0.20 6.12
GBP/EUR 1.1697     0.13 -3.21
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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