Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Investor sentiment continued to hold a cautious tone yesterday, as oil prices rose further …
- Meantime, UK political news flow and hotter than expected US CPI inflation weighed on sentiment …
- Currency-wise, the dollar was in the ascendancy, albeit its gains were modest …
- Meantime, sterling was on the defensive but recouped some of its losses overnight …
- In level terms, EUR/USD is back in the lower half of the $1.17-1.18 corridor …
- GBP/USD is changing hands in the bottom half of the $1.35-1.36 trading band …
- EUR/GBP is operating near the midpoint of the 86-87p range …
- Looking ahead, news flow regarding the war in the Middle East will remain in focus …
- Likewise, speculation in relation to PM Starmer’s position may continue to impact sterling …
AIB Services PMI - Service sector activity declines for first time in over five years in April
- First decline in total activity since February 2021
- New business little-changed since March, outlook remains subdued
- Input price inflation highest since December 2022
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1721 |
|
-0.30 |
-0.20 |
| EUR/GBP |
0.8657 |
|
0.05 |
-0.67 |
| GBP/USD |
1.3532 |
|
-0.38 |
0.44 |
| GBP/EUR |
1.1543 |
|
-0.05 |
0.67 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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