Good Morning ,
Today's overview of economic news and market action:
- The war in the Middle East and a slew of central bank announcements led to volatile trading conditions yesterday …
- Energy prices surged, albeit they fell after the European close …
- Both the ECB and BoE left interest rates unchanged as expected …
- However, they both indicated they will be highly attentive to second round inflation effects from higher energy prices …
- Against this backdrop, UK and Eurozone market interest rate expectations firmed somewhat …
- This in-turn, supported the euro and sterling …
- As a result, EUR/USD opens today in the top half of $1.15-1.16, while GBP/USD is north of $1.34 …
- 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 |
1.1569 |
|
0.92 |
-1.50 |
| EUR/GBP |
0.8621 |
|
-0.24 |
-1.08 |
| GBP/USD |
1.3418 |
|
1.17 |
-0.41 |
| GBP/EUR |
1.1597 |
|
0.24 |
1.09 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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