Good Morning ,
Today's overview of economic news and market action:
- The cautious tone to investor sentiment continued yesterday …
- Currency-wise, sterling has been under some downward pressure over the past 24 hours …
- A sharper than anticipated fall in CPI inflation for November has impacted sterling …
- In level terms, EUR/GBP opens this morning in the top half of the 87-88p range ...
- EUR/USD is operating near the midpoint of $1.17-1.18 …
- GBP/USD remains above the halfway mark of the $1.33-1.34 band …
- USD/JPY is changing hands just below the ¥156 threshold …
- Today, the BoE is expected to cut rates by 25bps …
- Meantime, it is envisaged that the ECB will leave rates unchanged …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1745 |
|
0.14 |
13.45 |
| EUR/GBP |
0.8784 |
|
0.26 |
6.18 |
| GBP/USD |
1.3366 |
|
-0.12 |
6.83 |
| GBP/EUR |
1.1378 |
|
-0.26 |
-5.82 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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