Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a very quiet start to the week on financial markets yesterday …
  • Currency-wise, the main FX pairs operated in very tight ranges ….
  • Of the limited moves to note, sterling was slightly weaker amid a softening in UK rate expectations …
  • This sees EUR/GBP start today just below 87p …
  • GBP/USD is down in the lower half of $1.34-1.35 …
  • EUR/USD remains in the upper region of $1.16-1.17 …
  • Today, US CPI inflation will be in focus …
  • Remarks from BoE Governor Bailey and UK Chancellor Reeves will also warrant attention …  

 
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1683   0.08 12.85
EUR/GBP 0.8694   0.38 5.09
GBP/USD 1.3433   -0.31 7.37
GBP/EUR 1.1497   -0.38 -4.84
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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