Dear Reader,

 

Today's overview of economic news and market action: 

 

  • The mixed mood on markets from last week persisted yesterday …
  • Overall, the data calendar is sparse on both sides of the Atlantic …
  • Amid the quiet calendar, the focus was on US/EU trade negotiations and Fed independence …
  • Currency-wise, the dollar was on the defensive …
  • This sees EUR/USD start today in the top half of $1.16-1.17 …
  • GBP/USD is in the upper regions of $1.34-1.35 …
  • EUR/GBP remains above the midpoint of 86-87p …
  • Today’s macro calendar is also rather barren …

 
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1687   0.50 12.89
EUR/GBP 0.8672   0.09 4.82
GBP/USD 1.3472   0.41 7.68
GBP/EUR 1.1525   -0.09 -4.60
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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