Not displaying correctly?
Read in web browser

Dear Reader,

 

Today's overview of economic news and market action: 

  • Notable improvement in US risk appetite yesterday
  • S&P 500 gained 1.8% on the day
  • Currency-wise, the dollar had some upward momentum
  • Meanwhile, the euro retained its recent softer tone
  • EUR/USD opens this morning below $1.08
  • Today’s macro highlights include German Ifo and US consumer confidence
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0793   -0.32 4.25
EUR/GBP 0.8358   -0.23 1.03
GBP/USD 1.2909   -0.09 3.18
GBP/EUR 1.1959   0.23 -1.02
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
Bank of England Watch - March 2025
 
 

The March policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave the Bank rate unchanged at 4.50%. Today’s decision was very much in-line with market expectations.
 
 
US Fed Watch - March 2025
 
 

The March meeting of the US Federal Reserve Open Market Committee (FOMC) saw the central bank leave policy on hold. The target range for the Fed funds rate was maintained at 4.25-4.50%.