Dear Reader,
Today's overview of economic news and market action
- Risk-off tone to sentiment yesterday …
- Data-wise, Eurozone HICP inflation fell to 1.8% in September …
- On the currency front, the dollar was in the ascendancy …
- This sees EUR/USD open down near the midpoint of $1.10-1.11 …
- GBP/USD is operating bac below the $1.33 threshold …
- EUR/GBP remains in the bottom half of 83-84p …
- Relatively quiet data calendar today …
- Remarks from ECB officials will be in focus …
Continue Reading
|
|
|
|
Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2023 |
| EUR/USD |
1.1069 |
|
-0.62 |
0.30 |
| EUR/GBP |
0.8332 |
|
0.07 |
-3.88 |
| GBP/USD |
1.3285 |
|
-0.71 |
4.37 |
| GBP/EUR |
1.2001 |
|
-0.07 |
4.03 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
|
|
|
|
Budget 2025
Budget 2025 is set against exceptional budget surpluses. The starting point is a nearly €24bn surplus in 2024, including windfall proceeds from Apple Judgement of €14bn this year. The budget surplus is forecast to be €23.7bn in 2024 (7.5% of GNI*), and €9.7bn in 2025 (2.9% of GNI*). However, excluding windfall receipts, the Government will run significant deficits in the coming years
Read More
|
|
|
|
|
|
|
