Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- There was a mixed mood on markets yesterday …
- In the UK, the pound has strengthened following Starmer’s resignation and news of Burnham’s potential succession …
- In the US, sanctions have been removed on Iranian oil exports and traffic through the Strait of Hormuz continues to rise …
- This has led to brent crude declining by circa 3% yesterday, to near $77 per barrel …
- The euro was under modest downward pressure yesterday …
- EUR/GBP opens this morning back in the lower half of the 86-87p range …
- EUR/USD is operating in the bottom half of the $1.14-1.15 band …
- GBP/USD is changing hands in the $1.32-1.33 corridor …
- Today, UK, Eurozone and US flash PMIs will be released while remarks from several ECB and BoE officials will warrant attention …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1423 |
|
-0.29 |
-2.74 |
| EUR/GBP |
0.863 |
|
-0.48 |
-0.98 |
| GBP/USD |
1.3235 |
|
0.22 |
-1.77 |
| GBP/EUR |
1.1584 |
|
0.49 |
0.98 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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