Good Morning ,

 

Today's overview of economic news and market action:

 

  • The more positive mood on markets persisted yesterday …
  • Equity markets rose, despite some weak US labour market/consumer data …
  • Currency-wise, the dollar was under some downward pressure …
  • This sees EUR/USD open this morning up in the top half of the $1.15-1.16 range …
  • GBP/USD is operating in the upper regions of the $1.31-1.32 band …
  • USD/JPY is below the midpoint of ¥156-157 …
  • EUR/GBP is changing hands just below the 88p mark …
  • Today, the main focus will be on the UK Budget …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1575    0.51 11.80
EUR/GBP 0.879    0.02 6.25
GBP/USD 1.3163     0.48 5.21
GBP/EUR 1.1371    -0.02 -5.88
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
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