Dear Reader,
Today's overview of economic news and market action
- Cautious mood on markets yesterday …
- UK Futures contracts hardened following the release of CPI data for April …
- US Fed FOMC meetings minutes struck a somewhat hawkish tone overnight …
- Against this backdrop, sterling and the dollar were holding firmer tones …
- EUR/USD opens this morning in the lower half of $1.08-1.09 …
- EUR/GBP is operating back near the 85p threshold …
- GBP/USD is in the bottom half of $1.27-1.28 …
- Today, the flash PMIs in the Eurozone, UK and US for May are due …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0821 |
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-0.29 |
-1.95 |
| EUR/GBP |
0.8505 |
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-0.37 |
-1.88 |
| GBP/USD |
1.2721 |
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0.09 |
-0.06 |
| GBP/EUR |
1.1755 |
|
0.38 |
1.92 |
| *versus Previous Day's European Open |
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