Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a mixed mood on markets amid a relatively quiet start to the week …
  • This was reflected on equity markets by the Euro Stoxx 50 falling by 0.4% while the S&P 500 gained 0.5% …
  • Currency-wise, the euro was holding a firmer tone …
  • In level terms EUR/USD opens today in the top half of $1.17-1.18 …
  • EUR/GBP is above the midpoint of 85-86p …
  • GBP/USD is nearer to the halfway mark of $1.37-1.38 …
  • Today, the flash reading of Eurozone HICP inflation (June) is due …
  • A panel discussion between the heads of the major central banks will also be in focus …
  • In the US, trade negotiations and debate regarding the One Big Beautiful Bill Act will garner attention …

   

 

  
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1782   0.46 13.80
EUR/GBP 0.8571   0.35 3.60
GBP/USD 1.3741   0.12 9.83
GBP/EUR 1.1662   -0.35 -3.48
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
US Federal Reserve Watch: June 2025
 

The June meeting of the US Federal Reserve Open Market Committee. (FOMC) saw the central bank leave policy on hold. The target range for the Fed funds rate was maintained at 4.25-4.50%. This represented the 4th meeting in a row where the Fed left policy unaltered and was very much in line with market expectations.
 
Read More
LikeLike (0)
 
 
 
BoE Watch: June 2025
 

The June meeting of the Bank of England's Monetary policy committee (MPC) saw the central bank leave the Bank rate unchanged at 4.25%. This followed a 25bpd reduction in May. Today's decision for unaltered rates was very much in line with the market expectations. So far in the current easing cycle, which began in August last year, the BOE has caught a total of 100bps.
 
Read More
LikeLike (0)