Good Morning ,
Today's overview of economic news and market action:
- As expected, the Fed cut rates by 25bps yesterday …
- However, the decision was not unanimous …
- Furthermore, Chair Powell struck a hawkish tone at the press conference …
- Against this backdrop, US market rate expectations firmed somewhat …
- Currency-wise, the dollar edged higher overnight …
- Elsewhere, sterling remained on the defensive …
- As trading gets underway today, EUR/GBP is at 88p and GBP/USD is at $1.32 …
- EUR/USD is in the lower half of $1.16-1.17 …
- Today, the ECB is expected to leave policy on hold …
|
Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1622 |
|
-0.07 |
12.26 |
| EUR/GBP |
0.8802 |
|
0.16 |
6.39 |
| GBP/USD |
1.3199 |
|
-0.26 |
5.50 |
| GBP/EUR |
1.355 |
|
-0.16 |
-6.01 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
|
|
