Dear Reader,

 

Today's overview of economic news and market action: 

  • In-line with market expectations, the BoE left monetary policy on hold yesterday …
  • Elsewhere, there was a risk-off tone to investor sentiment …
  • Against this backdrop, there was a firmer tone to the dollar …
  • At the same time, the euro was under some downward pressure …
  • EUR/USD opens this morning down in the lower half of $1.08-1.09 …
  • GBP/USD is operating back below the midpoint of the $1.29-1.30 band …
  • EUR/GBP is changing hands in the upper regions of the 83-84p corridor …
  • Later today, the only release of note will be Eurozone consumer confidence for March …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0834   -0.56 4.65
EUR/GBP 0.8369   -0.16 1.16
GBP/USD 1.2941   -0.40 3.44
GBP/EUR 1.1943   0.16 -1.15
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
US Fed Watch - March 2025
 

The March meeting of the US Federal Reserve Open Market Committee (FOMC) saw the central bank leave policy on hold. The target range for the Fed funds rate was maintained at 4.25-4.50%.
 
Read More
 
 
 
Bank of England Watch - March 2025
 

The March policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave the Bank rate unchanged at 4.50%. Today’s decision was very much in-line with market expectations.
 
Read More