Dear Reader,

 

Today's overview of economic news and market action: 

  • Equity markets continued to move higher on both sides of the Atlantic yesterday …
  • Data-wise, the US labour market report for June was stronger than anticipated …
  • Following the release, US futures contracts firmed somewhat …
  • Amid the firming in US rate expectations, the dollar was in the ascendancy …
  • At the same time, sterling recouped some of its losses from the day prior …
  • This is reflected by EUR/GBP opening today down near the 86p mark …
  • GBP/USD is operating up in the top half of the $1.36-1.37 corridor …
  • Meanwhile, EUR/USD remains in the upper region of $1.17-1.18 …
  • Today, there is a quieter look to the macro calendar, partly owing to a US market holiday …

 

  
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1774   -0.13 13.73
EUR/GBP 0.8608   -0.49 4.05
GBP/USD 1.3673   0.33 9.29
GBP/EUR 1.1611   0.49 -3.89
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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