Dear Reader,
Today's overview of economic news and market action
- The positive tone to risk appetite from last week carried over into the beginning of this week …
- Investor sentiment received an added fillip from reports that President Trump would not introduce new trade tariffs …
- On the currency front, the dollar came under some downward pressure …
- This saw EUR/USD rise to a high of $1.043, while GBP/USD climbed to a peak of $1.2326 …
- However, the dollar recouped some of its losses before the close, and maintained momentum overnight …
- EUR/USD opens today in the top half of $1.03-1.04 …
- GBP/USD is in the upper region of $1.22-1.23 …
- EUR/GBP is at the midpoint of the 84-85p band …
- Already this morning, the latest UK labour market data have been released …
- The remainder of today’s data schedule is quite sparse …
|
Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.0368 |
|
0.64 |
0.14 |
| EUR/GBP |
0.8453 |
|
0.21 |
2.18 |
| GBP/USD |
1.2261 |
|
0.43 |
-2.00 |
| GBP/EUR |
1.1824 |
|
-0.21 |
-2.13 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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