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Good Morning ,

 

Today's overview of economic news and market action:

  • In line with market expectations, the BoE left the Bank rate unchanged yesterday …
  • Despite the dovish hold from the BoE, UK interest rate futures were little changed …
  • Elsewhere on markets there was a risk-off tone to investor sentiment …
  • However, unlike earlier in the week, the dollar did not benefit from safe haven demand …
  • EUR/USD opens today in the lower half of $1.15-1.16 ...
  • GBP/USD is back above the $1.31 handle …
  • EUR/GBP remains in and around 88p …
  • Today, the US Michigan measure of consumer sentiment is due …

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1532   0.20 11.39
EUR/GBP 0.8791   -0.22 6.26
GBP/USD 1.3114   0.42 4.82
GBP/EUR 1.1371   0.22 -5.89
*versus Previous Day's European Open

All rates quoted are indicative market rates.