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Good Morning ,

 

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

 

  • Oil prices rose by circa 4% and market interest rate expectations firmed yesterday ….
  • As a result of this, equity markets moved lower and bond yields rose sharply ….
  • At the same time the dollar was in the ascendancy …
  • The greenback was supported by some hawkish Fed remarks and the rise in oil prices …
  • Against this backdrop, EUR/USD opens today below $1.14 …
  • GBP/USD is down below the midpoint of $1.32-1.33 …
  • EUR/GBP is changing hands up at the 86p mark …
  • Newsflow regarding the summit between Presidents Trump and XI will be in focus today …
  • Developments regarding the Middle East may also impact markets …
 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.1384   -0.37 -3.07
EUR/GBP 0.8596   0.20 -1.37
GBP/USD 1.3241   -0.55 -1.72
GBP/EUR 1.1629   -0.20 1.38
*versus Previous Day's European Open

All rates quoted are indicative market rates.