Good Morning ,
Today's overview of economic news and market action:
- The risk averse tone to investor sentiment continued yesterday …
- Both the ECB and the BoE left interest rates unchanged yesterday, as expected …
- However, the overarching tone from the BoE was more dovish than anticipated …
- Against this backdrop, UK futures contracts softened …
- Amid the softening in UK rates, sterling was on the defensive …
- This sees EUR/GBP open up near the 87p mark …
- GBP/USD is back closer to the midpoint of $1.35-1.36 …
- Elsewhere, EUR/USD remains in and around the $1.18 threshold …
- Today, the macro calendar is sparse, due to the postponement of the US labour market report until next Wednesday …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1789 |
|
0.00 |
0.37 |
| EUR/GBP |
0.8689 |
|
0.40 |
-0.30 |
| GBP/USD |
1.3564 |
|
-0.41 |
0.68 |
| GBP/EUR |
1.1504 |
|
-0.40 |
0.30 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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