Dear Reader,
Today's overview of economic news and market action
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- Monetary policy was front and centre last week …
- Notably, the Fed delivered a “hawkish cut”. The BoE and the BoJ both left policy on hold …
- Data-wise, a busy schedule included updates on inflation in the US, UK and Eurozone …
- Against this backdrop, there was some volatility on forex and interest rate markets …
- Currency-wise, the dollar was in the ascendancy …
- EUR/GBP opens this morning in top half of the 82-83p range …
- EUR/USD is down in the bottom half of the $1.04-1.05 corridor …
- GBP/USD is below the $1.26 mark …
- USD/JPY is north of the ¥156 handle …
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Today's Opening FX Rates
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|
|
% Change Day* |
End 2023 |
| EUR/USD |
1.0421 |
|
0.53 |
-5.57 |
| EUR/GBP |
0.8292 |
|
-0.08 |
-4.34 |
| GBP/USD |
1.2563 |
|
0.63 |
-1.30 |
| GBP/EUR |
1.2051 |
|
0.08 |
4.53 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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