Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

  • There was a mixed mood on markets at the start of the week yesterday …
  • On the currency front, the main pairs continued to operate in relatively narrow ranges …
  • In level terms, GBP/USD opens this morning down at the midpoint of $1.35-1.36 …
  • EUR/USD is at the halfway mark of the $1.17-1.18 band ...
  • Meantime, EUR/GBP is changing hands in the top half of 86-87p …
  • USD/JPY is in the lower region of ¥157-158 …
  • Looking ahead, news flow regarding the Middle East conflict will remain in focus …
  • Data-wise, US CP inflation (April) will be released today …
 
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AIB Services PMI - Service sector activity declines for first time in over five years in April
 
 
  • First decline in total activity since February 2021
  • New business little-changed since March, outlook remains subdued
  • Input price inflation highest since December 2022 
 
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Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.1753   0.03 0.07
EUR/GBP 0.8666   0.17 -0.56
GBP/USD 1.356   -0.14 0.65
GBP/EUR 1.1536   -0.17 0.57
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
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