Dear Reader,

 

Today's overview of economic news and market action: 

  • Overall, trading conditions were somewhat calmer across financial markets yesterday …
  • US yields rose by 3-6bps, as trade tariff uncertainty outweighed better than expected CPI data …
  • Currency-wise, the main FX pairs operated within narrow trading ranges ...
  • However, the euro edged slightly lower overnight …
  • This sees EUR/USD open today in the top half of $1.08-1.09 …
  • EUR/GBP is just below 84p …
  • GBP/USD is at the midpoint of $1.29-1.30 …
  • Today, Eurozone industrial production (Jan) is due …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0873   -0.28 5.02
EUR/GBP 0.8394   -0.43 1.46
GBP/USD 1.2949   0.15 3.50
GBP/EUR 1.1906   0.43 -1.44
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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