Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a mixed mood on markets yesterday, amid some contrasting data …
  • The bellwether German Ifo business sentiment indicator rose to its highest level since July …
  • Meanwhile, US consumer confidence plunged to its lowest level since January 2021 …
  • Currency-wise, the main pairs have operated in quite narrow ranges over the past 24 hours …
  • The dollar moved lower during the Europeans session but recouped its losses overnight …
  • EUR/USD is just below $1.08, GBP/USD is in the lower half of $1.29-1.30 …
  • EUR/GBP is near the midpoint of 83-84p …
  • Later today, the UK Chancellor’s spring statement will warrant attention …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0788   -0.13 4.20
EUR/GBP 0.8345   -0.17 0.87
GBP/USD 1.2924   0.01 3.30
GBP/EUR 1.1978   0.17 -0.86
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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