Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

 

  • Oil prices fell and equity markets rose yesterday
  • On optimism of an end to US/Iran war
  • The dollar edged lower amid the fall in oil prices
  • EUR/USD moved up to the midpoint of $1.17-1.18
  • Elsewhere, EUR/GBP continued in the lower half of 86-87p
  • Middle East developments will remain in focus today
 
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AIB Services PMI - Service sector activity declines for first time in over five years in April
 
 
  • First decline in total activity since February 2021
  • New business little-changed since March, outlook remains subdued
  • Input price inflation highest since December 2022 
 
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Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.175   0.11 0.04
EUR/GBP 0.8641   0.06 -0.85
GBP/USD 1.3592   0.05 0.88
GBP/EUR 1.1566   -0.06 0.86
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
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