Dear Reader,

 

Today's overview of economic news and market action: 

 

  • US equity indices continued to move higher yesterday, amid a relatively quiet day on markets …
  • On the currency front, the yen continued to come under some downward pressure …
  • As trading gets underway today, USD/JPY is north of ¥145 …
  • EUR/USD is operating in the lower half of the $1.13-1.14 range …
  • GBP/USD is changing hands down just above the $1.33 threshold …
  • EUR/GBP remains in and around the 85p handle …
  • Today, a busy data schedule will feature the latest US labour market report …
  • The flash estimate of Eurozone inflation for April is also due …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1323   0.19 9.37
EUR/GBP 0.8508   0.07 2.84
GBP/USD 1.3308   0.12 6.37
GBP/EUR 1.1752    -0.07 -2.76
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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Weekly Market Brief Market A spoon full of sugar
 

Amid current global trade uncertainty economy watchers have been parsing the incoming data for any signs of a slowdown While US confidence surveys have taken an nosedive in recent weeks there are fewer signs of this side of the Atlantic of any discernible impact. This may in part be due to where European economies were in the business cycle versus a hot U.S. economy coming off a couple of years of a very weak growth the UK and Germany being prime examples
 
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