Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- As expected, the Fed opted to leave the Fed Funds target range at 3.50-3.75% yesterday …
- However, three officials voted in favour of hiking rates by 25bps …
- Regardless, US market rate expectations softened slightly in the aftermath of the meeting …
- This weighed marginally on the dollar overnight …
- As trading gets underway this morning , EUR/USD opens near the midpoint of $1.14-1.15 …
- GBP/USD is north of the $1.33 threshold …
- EUR/GBP is changing hands in the top half of the 85-86p band …
- Today the BoE is widely expected to leave rates unchanged also …
- The first reading of Eurozone & US GDP for Q2 will be released today. US core-PCE inflation (June) will also feature …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1446 |
|
0.40 |
-2.55 |
| EUR/GBP |
0.8579 |
|
0.08 |
-1.56 |
| GBP/USD |
1.3335 |
|
0.29 |
-1.02 |
| GBP/EUR |
1.165 |
|
-0.08 |
1.59 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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