Dear Reader,
Today's overview of economic news and market action
- As expected, the ECB cut its key interest rates by 25bps yesterday …
- Overall, the initial market reaction to the ECB meeting outcome was limited …
- However, futures hardened slightly late in the European session …
- Elsewhere, there was a cautious tone to investor sentiment …
- Currency-wise, the dollar was in the ascendancy yesterday …
- EUR/USD opens this morning back near the midpoint of $1.01-1.05 …
- GBP/USD is operating back in the lower half of $1.26-1.27 …
- Meanwhile, EUR/GBP is in the top half of 82-83p …
- Eurozone industrial production (Oct) is due later today …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0457 |
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-0.47 |
-5.25 |
| EUR/GBP |
0.8279 |
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0.62 |
-4.49 |
| GBP/USD |
1.2624 |
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-1.08 |
-0.82 |
| GBP/EUR |
1.2071 |
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-0.62 |
4.70 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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