Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a positive tone to investor sentiment at the start of the week …
  • Trading conditions were also markedly calmer across financial markets yesterday …
  • On the currency front, the euro handed back some of its gains from last week …
  • At the same time, there was a firmer tone to sterling …
  • This sees EUR/GBP open today back below the 86p mark …
  • GBP/USD is operating north of the $1.32 threshold …
  • Meanwhile, EUR/USD is changing hands back near the midpoint of $1.13-1.14 …
  • Later today, Eurozone industrial production (Feb) and the German ZEW survey (Apr) are due ….
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1354   -0.11 9.67
EUR/GBP 0.8595   -0.89 3.89
GBP/USD 1.3205   0.79 5.55
GBP/EUR 1.1628   0.90 -3.75
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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