Dear Reader,

 

Here is an overview of today's economic news and market action:

  • Cautious tone to investor sentiment yesterday
  • The main equity indices finished the day lower
  • Currency-wise, the euro remained on the defensive
  • EUR/USD traded to a low of $1.094
  • EUR/GBP edged below the 87p threshold
  • Ahead today, US CPI inflation numbers for April will be in focus
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0968   -0.17 2.49
EUR/GBP 0.8689   -0.25 -1.75
GBP/USD 1.262   0.07 4.32
GBP/EUR 1.1504   0.25 1.78
*versus Previous Day's European Open

 
 
 
Weekly Market Brief: 8 - 12 May
 

The Next Cycle

 

The US Fed has opened the door to pausing its rate hiking campaign, following a 25bps rate increase at its latest policy meeting, which brought the funds rate up a 5.0-5.25% range.
 
Read More
 
Scaling the Peaks: Weekly Market View
 

The US Federal Reserve has opened the door to pausing its rate hiking campaign, following a 25bps rate increase at its policy meeting last week, which brought the funds rate up a 5.0-5.25% range.
 
Read More
 
ECB Watch - May 2023
 

ECB slows pace of rate hikes to 25bps, but is not pausing

 

The May meeting of the ECB’s Governing Council saw the central bank raise rates by 25bps, bringing the key deposit rate up to 3.25%.
 
Read More