Good Morning ,

 

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

 

  • Headlines in relation to the Middle East war were the main driver of markets last week …
  • Against this backdrop, oil prices were quite volatile. They have risen at the start of this week …
  • Currency-wise, the majors were confined to relatively narrow trading ranges …
  • As trading gets underway this morning, EUR/USD is just above the midpoint of $1.17-1.18 ...
  • GBP/USD is operating just below the $1.36 mark ...
  • Meantime, EUR/GBP is changing hands at the halfway mark of the 86-87p corridor …
  • Looking ahead, news flow regarding the Middle East will continue to warrant attention this week ...
 
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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 1.1756   0.19 0.09
EUR/GBP 0.8655   0.07 -0.69
GBP/USD 1.3579   0.12 0.79
GBP/EUR 1.1549   -0.07 0.69
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
View Rates