Good Morning ,

 

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

  • Equity markets gathered further momentum yesterday …
  • However, risk appetite soured somewhat overnight …
  • Currency-wise, the dollar has been in the ascendancy once again …
  • At the same time, sterling has been on the defensive …
  • In level terms, EUR/USD opens this morning below the midpoint of $1.16-1.17 …
  • EUR/GBP is operating just above the 87p mark …
  • GBP/USD is down at the halfway mark of $1.33-1.34 …
  • Today, the macro calendar is relatively sparse …
  • Investor will once again be keeping a close eye on the Middle East, Westminster & Beijing …
 
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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 1.1641   -0.62 -0.89
EUR/GBP 0.8713   0.64 -0.02
GBP/USD 1.3356   -1.27 -0.87
GBP/EUR 1.1472   -0.63 0.02
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
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