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Good Morning ,

 

Today's overview of economic news and market action:

 

  • There was a cautious tone to investor sentiment last week …
  • US market rate expectations were somewhat volatile throughout the week …
  • Currency-wise though, the dollar edged slightly higher …
  • This sees EUR/USD open this morning in the bottom half of $1.15-1.16 …
  • GBP/USD is at the $1.31 threshold …
  • Meantime, EUR/GBP is changing hands just below the 88p mark …
  • USD/JPY is in the top half of ¥156-157 …
  • This week, the UK Budget will be in focus on Wednesday …
  • In the Eurozone, the ECB meeting minutes from October are due …
  • A holiday shortened week in the US features retail sales and consumer confidence …

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1523   -0.10 11.30
EUR/GBP 0.8792   -0.22 6.27
GBP/USD 1.3101    0.11 4.72
GBP/EUR 1.1367    0.22 -5.90
*versus Previous Day's European Open

All rates quoted are indicative market rates.