Dear Reader,

 

Today's overview of economic news and market action

  • Market action remained fairly muted yesterday
  • Some of the main equity indices posted marginal gains
  • Currency-wise, sterling was holding a modestly firmer tone
  • It benefited from stronger than expected labour market data
  • Reflected in EUR/GBP opening this morning below 83p
  • Ahead today, main macro highlights are US housing starts and Fed minutes
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0456   0.01 0.99
EUR/GBP 0.8285   -0.14 0.15
GBP/USD 1.2618   0.17 0.86
GBP/EUR 1.2066   0.14 -0.14
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Forex and Interest Rate Outlook: February 2025
 

Economic picture remains robust, despite geopolitical concerns, with signs of somewhat stronger global growth in early 2025. Core inflation remains sticky in many markets, with risks still tilted to the upside for inflation due to ongoing global trade tensions and high domestic wage pressure.
 
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