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Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

  • Generally cautious vibe to risk appetite yesterday
  • Currency-wise, majors confined to narrow ranges
  • Sterling regained some ground from last week
  • EUR/GBP opens this morning below 87p
  • Elsewhere, EUR/USD is trading in and around the midpoint of $1.16-1.17
  • Spotlight today will remain on efforts to find a diplomatic resolution to the Middle East conflict
 
 
AIB Services PMI - Service sector activity declines for first time in over five years in April
 
 
  • First decline in total activity since February 2021
  • New business little-changed since March, outlook remains subdued
  • Input price inflation highest since December 2022 
 
 
 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.164   0.17 -0.89
EUR/GBP 0.8679   -0.53 -0.41
GBP/USD 1.341   0.72 -0.47
GBP/EUR 1.1518   0.53 0.41
*versus Previous Day's European Open

All rates quoted are indicative market rates.