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Good Morning ,

 

Today's overview of economic news and market action:

 

  • The “risk-off” mood on markets gathered further momentum yesterday …
  • Concerns of a resurgence in global inflationary pressures intensified …
  • Against that backdrop, market interest rate expectations firmed markedly …
  • Currency-wise, the dollar remained to the foe, albeit it is off its peak …
  • EUR/USD is back above $1.16 …
  • GBP/USD is in the lower half of $1.33-1.34 …
  • EUR/GBP is just north of the 87p mark …
  • The focus will stay firmly on the conflict in the Middle East today …

 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.161   -0.48 -1.15
EUR/GBP 0.8706   -0.26 -0.10
GBP/USD 1.3332   -0.22 -1.05
GBP/EUR 1.1481   0.26 0.10
*versus Previous Day's European Open

All rates quoted are indicative market rates.