Dear Reader,
Today's overview of economic news and market action:
- The risk-off tone to investor sentiment from last week carried through to yesterday …
- Trading conditions were also quite volatile, amid on-going tariff related headlines …
- Currency-wise, the dollar recouped some of its losses from last week …
- Meantime, sterling was on the defensive, while the yen & Swiss franc also moved lower …
- This sees EUR/USD open this morning in the top half of $1.09-1.10 …
- GBP/USD is operating down in the $1.27-1.28 corridor …
- Elsewhere, EUR/GBP is in the top half of 85-86p …
- Turning to today, tariff related news flow will remain front and centre on markets …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0962 |
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-0.21 |
5.88 |
| EUR/GBP |
0.858 |
|
0.80 |
3.71 |
| GBP/USD |
1.2769 |
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-1.03 |
2.06 |
| GBP/EUR |
1.1646 |
|
-0.79 |
-3.58 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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Weekly Market Brief Know when to hold 'em
This week’s salvo of tariffs by the Trump administration raised the stakes for global trade partners, particularly those hit hardest in Asia and Europe. The EU tariff is to be set at 20%, with a carve out in some areas for now, such as semiconductors, lumber, and crucially for Ireland, pharmaceuticals.
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