Good Morning ,
Today's overview of economic news and market action:
- There was a cautious tone to investor sentiment yesterday …
- Data-wise, US labour market, retail sales, and PMI updates were mixed …
- Meantime, the UK PMIs improved but the Eurozone PMIs deteriorated …
- Currency-wise, the dollar was on the defensive but recovered overnight …
- In contrast, sterling was holding a slightly firmer tone …
- EUR/GBP opens this morning in the lower half of the 87-88p corridor …
- GBP/USD is operating in the $1.33-1.34 range, having tested above $1.34 yesterday …
- Already this morning, UK CPI inflation has printed below the consensus …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1707 |
|
-0.36 |
13.08 |
| EUR/GBP |
0.8771 |
|
-0.24 |
6.02 |
| GBP/USD |
1.3344 |
|
-0.13 |
6.66 |
| GBP/EUR |
1.1396 |
|
0.24 |
-5.68 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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