Good Morning ,
Today's overview of economic news and market action:
- Investor sentiment improved slightly yesterday amid a quiet day on markets …
- US market rate expectations firmed yesterday, following the ADP employment report for October …
- UK interest rate futures contracts also firmed somewhat …
- Against this backdrop, the dollar and sterling were on the front-foot …
- However, both currencies handed back their gains overnight …
- In level terms, EUR/GBP is just above 88p, while EUR/USD is operating north of $1.15 ...
- Today, the BoE is expected to leave policy on hold …
- Focus will be on the post-meeting press conference and updated Monetary Policy Report …
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Today's Opening FX Rates
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|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1508 |
|
0.15 |
11.16 |
| EUR/GBP |
0.8809 |
|
-0.15 |
6.48 |
| GBP/USD |
1.3059 |
|
0.31 |
4.38 |
| GBP/EUR |
1.1347 |
|
0.15 |
-6.08 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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