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Good Morning ,

 

Today's overview of economic news and market action:

  • There was a slightly cautious mood on markets at the start of the week.
  • On the data front, the macro calendar was relatively quiet.
  • Currency-wise, the main pairs continued to operate within narrow trading ranges.
  • EUR/USD opens this morning down in the lower half of the $1.16-1.17  band.
  • EUR/GBP is changing hands back in the bottom half of the 87-88p corridor.
  • Meanwhile, GBP/USD remains above the $1.33 threshold.
  • USD/JPY is operating north of the ¥156 handle.
  • Today, the macro calendar is sparse once again.

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1641    -0.13 12.44
EUR/GBP 0.8733      -0.05 5.56
GBP/USD 1.3329     -0.06 6.54
GBP/EUR 1.1446      0.05 -5.27
*versus Previous Day's European Open

All rates quoted are indicative market rates.