Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

 

  • Improvement in risk appetite yesterday
  • Aided by decline in oil prices
  • This has coincided with a slightly softer dollar
  • EUR/USD is back above $1.17
  • Elsewhere, EUR/GBP remains in the lower half of 86-87p
  • Ahead today, the market’s attention will remain focused on the Middle East
 
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AIB Services PMI - Service sector activity declines for first time in over five years in April
 
 
  • First decline in total activity since February 2021
  • New business little-changed since March, outlook remains subdued
  • Input price inflation highest since December 2022 
 
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Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.1731   0.46 -0.12
EUR/GBP 0.8634   -0.07 -0.93
GBP/USD 1.3584   0.53 0.82
GBP/EUR 1.1579   0.07 0.94
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
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