Dear Reader,

 

Today's overview of economic news and market action: 

 

  • The positive tone to risk appetite at the start of the week evaporated yesterday …
  • On FX markets, the dollar remained under pressure …
  • Meanwhile, the euro was holding a firmer tone …
  • This sees EUR/USD open today above the midpoint of $1.18-1.19, having registered a fresh YTD high yesterday …
  • GBP/USD is up at the halfway mark of the $1.36-1.37 range …
  • Meantime, EUR/GBP is at the top end of 86-87p …
  • Later today, the focus will be on the Fed FOMC policy announcement, due after the European close …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1858   0.70 14.54
EUR/GBP 0.8684   0.43 4.97
GBP/USD 1.3645   0.23 9.06
GBP/EUR 1.1508   -0.43 -4.73
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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More Economic News
 
ECB Watch - September 2025
 
 

The ECB’s Governing Council meeting for September saw the central bank leave interest rates on hold for a second consecutive occasion. The deposit and refi rates were maintained at 2.00% and 2.15%, respectively. The ‘unchanged rates’ outcome was widely expected by markets.

 
 
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