Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Investor sentiment soured yesterday, with equity markets falling on both sides of the Atlantic …
  • On the currency front, the main pairs continued to operate in narrow ranges yesterday …
  • Of the limited action to note, the dollar was holding a slightly firmer tone …
  • This sees EUR/USD open this morning back nearer the midpoint of the $1.07-1.08 corridor …
  • EUR/GBP remains in the lower half of the 83-84p range …
  • GBP/USD is changing hands just above the $1.29 threshold …
  • Turning to the day ahead, the macro calendar is somewhat light …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0763   -0.20 3.96
EUR/GBP 0.8335   -0.04 0.75
GBP/USD 1.2908   -0.17 3.17
GBP/EUR 1.1992   0.04 -0.74
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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