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Good Morning ,

 

Today's overview of economic news and market action:

  • Trading conditions were quite calm amid a quiet day on financial markets yesterday …
  • Currency-wise, the main FX pairs remained confined to very narrow ranges …
  • Of the limited price action to register, the dollar stayed in the ascendancy …
  • At the same time, the yen was on the defensive …
  • This sees EUR/USD open today back near $1.16 …
  • GBP/USD is in the top half of $1.33-1.34 once again …
  • EUR/GBP remains in the upper half of 87-88p …
  • USD/JPY is operating up towards ¥152 …
  • Sterling is a touch softer following the early morning release of UK CPI inflation data …
  • Looking ahead, the remainder of today’s data calendar is sparse once more …

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1613   -0.18 12.17
EUR/GBP 0.8676   -0.12 4.87
GBP/USD 1.3382   -0.07 6.96
GBP/EUR 1.1522   0.12 -4.64
*versus Previous Day's European Open

All rates quoted are indicative market rates.