Dear Reader,
Today's overview of economic news and market action
- Market action remained fairly muted, rate expectations little changes
- Some of the main equity indices were lower, led by US stocks
- Currency-wise, dollar lost further ground, sterling at YTD high vs. greenback
- EUR/GBP opening this morning in upper half of 82-83p
- For today, main macro highlights are flash PMIs and UK retail sales (beat expectations)
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0496 |
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0.66 |
1.38 |
| EUR/GBP |
0.8281 |
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0.04 |
0.10 |
| GBP/USD |
1.267 |
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0.62 |
1.27 |
| GBP/EUR |
1.2069 |
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-0.04 |
-0.10 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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