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Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

  • Generally cautious tone to investor sentiment last week
  • Amid on-going concerns over the Middle East Conflict
  • Oil prices came under some renewed upward pressure
  • This benefitted the dollar
  • Meanwhile, political uncertainty was unhelpful to sterling
  • EUR/USD is back nearer to $1.16, while EUR/GBP has regained the 87p level
  • Ahead this week, the Middle East conflict will remain in focus
 
 
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 
 
 
 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.163   -0.15 -0.98
EUR/GBP 0.8714   0.00 -0.01
GBP/USD 1.3343   -0.13 -0.96
GBP/EUR 1.1471   0.00 0.01
*versus Previous Day's European Open

All rates quoted are indicative market rates.