Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Trading conditions have been extremely volatile over the past 24 hours …
  • On equity markets, the Euro Stoxx 50 rebounded by 2.5% yesterday …
  • Meantime, the S&P 500 registered a 1.6% fall, as risk appetite soured after the European close …
  • The euro was on the defensive yesterday, while the dollar recouped some of its recent losses …
  • However, the dollar sold-off again overnight, while there was a firmer tone to the euro …
  • This sees EUR/USD open today north of $1.10 …
  • GBP/USD is changing hands in the lower half of $1.28-1.29 …
  • Meanwhile, EUR/GBP is up at the 86p mark …
  • Today, tariff related news flow will remain to the fore …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1036   0.56 6.60
EUR/GBP 0.8601   0.23 3.96
GBP/USD 1.2824   0.31 2.50
GBP/EUR 1.1618   -0.23 -3.81
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Weekly Market Brief Know when to hold 'em
 

This week’s salvo of tariffs by the Trump administration raised the stakes for global trade partners, particularly those hit hardest in Asia and Europe. The EU tariff is to be set at 20%, with a carve out in some areas for now, such as semiconductors, lumber, and crucially for Ireland, pharmaceuticals.
 
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