Dear Reader,
Today's overview of economic news and market action
- The risk averse mood from Friday persisted at the start of this week …
- On bond markets, yields continued to move higher across the board, led by UK Gilts …
- Currency-wise, the dollar remained in the ascendancy during the early-on …
- However, the dollar handed back its gains and lost ground overnight amid tariff related newsflow …
- At the same time, sterling rebounded to finish the day up slightly …
- This sees EUR//GBP open back below the 84p mark …
- GBP/USD is just above $1.22 & EUR/USD is at the midpoint of $1.02-1.03 …
- There is a quiet data calendar once again today …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0247 |
|
0.27 |
-1.02 |
| EUR/GBP |
0.8392 |
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-0.23 |
1.44 |
| GBP/USD |
1.2206 |
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0.51 |
-2.44 |
| GBP/EUR |
1.1909 |
|
0.23 |
-1.42 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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