Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Trading conditions remained subdued yesterday …
  • Overall, a busy data schedule provided an unhelpful backdrop for risk appetite ...
  • On the currency front, the main pairs have operated in tight ranges …
  • EUR/USD opens today just below $1.14 …
  • GBP/USD is at the $1.34 mark …
  • Elsewhere, EUR/GBP is changing hands at the 85p threshold ..
  • Today, a very busy data calendar includes the first estimates of US and Eurozone GDP for Q1 …

 
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1393   0.13 10.05
EUR/GBP 0.8501   0.12 2.76
GBP/USD 1.3399   0.04 7.10
GBP/EUR 1.176    -012 -2.68
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Weekly Market Brief Market A spoon full of sugar
 

Amid current global trade uncertainty economy watchers have been parsing the incoming data for any signs of a slowdown While US confidence surveys have taken an nosedive in recent weeks there are fewer signs of this side of the Atlantic of any discernible impact. This may in part be due to where European economies were in the business cycle versus a hot U.S. economy coming off a couple of years of a very weak growth the UK and Germany being prime examples
 
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