Good Morning ,
Today's overview of economic news and market action:
- Trading conditions were very volatile across markets yesterday …
- The main catalyst remained the conflict in the Middle East …
- Initially, there was a strong risk off mood on markets …
- Remarks from President Trump signalling de-escalation, led to a sharp relief rally before the US open …
- As a result, commodity prices fell sharply, while equity markets and bonds recovered markedly …
- Currency-wise, the dollar was initially on the front-foot but faded as risk sentiment improved …
- EUR/USD opens this morning in the top half of $1.15-1.16 …
- GBP/USD is at the $1.34 mark …
- EUR/GBP is in the bottom half of the 86-87p range …
- Today, the focus will remain on the Middle East conflict …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1579 |
|
0.40 |
-1.41 |
| EUR/GBP |
0.864 |
|
-0.33 |
-0.86 |
| GBP/USD |
1.3397 |
|
0.74 |
-0.56 |
| GBP/EUR |
1.1567 |
|
0.34 |
0.87 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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