Dear Reader,
Today's overview of economic news and market action
- In-line with expectations, the BoE opted to leave monetary policy on hold …
- The MPC voted 6:3 for the decision, with the dissenters preferring a 25bps rate cut …
- In the initial aftermath of the decision, futures contracts softened slightly …
- Currency-wise, sterling was under dome downward pressure ...
- At the same time, the yen has remained on the back-foot …
- EUR/USD opens in the top half of the $1.03-1.04 range …
- EUR/GBP is up above the 83p mark …
- GBP/USD is operating down just below the $1.25 threshold …
- Meantime, USD/JPY is up near the ¥157 handle …
- Today, the main highlight will be US core-PCE inflation (Nov) …
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Today's Opening FX Rates
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|
% Change Day* |
End 2023 |
| EUR/USD |
1.0382 |
|
0.02 |
-5.93 |
| EUR/GBP |
0.8304 |
|
0.70 |
-4.20 |
| GBP/USD |
1.2498 |
|
-0.68 |
-1.81 |
| GBP/EUR |
1.2038 |
|
-0.70 |
4.38 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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