Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Positive tone to investor sentiment at the start of April
  • Currency-wise, main pairs operated within narrow ranges
  • Dollar marginally firmer over the past 24 hours
  • EUR/USD opens this morning back below $1.08
  • Elsewhere, EUR/GBP remains near midpoint of 83-84p
  • Ahead today, spotlight is on US tariffs plan

 
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0789   -0.33 4.21
EUR/GBP 0.8354   -0.13 0.98
GBP/USD 1.2913   -0.18 3.21
GBP/EUR 1.1966   0.13 -0.97 
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
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The March policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave the Bank rate unchanged at 4.50%. Today’s decision was very much in-line with market expectations.
 
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US Fed Watch - March 2025
 

The March meeting of the US Federal Reserve Open Market Committee (FOMC) saw the central bank leave policy on hold. The target range for the Fed funds rate was maintained at 4.25-4.50%.
 
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