Good Morning ,
Today's overview of economic news and market action:
- Overall there was a risk-off tone to investor sentiment throughout last week …
- Meantime, the BoE closely (5-4) voted to leave rates on hold but indicated a cut is likely in December …
- Currency-wise, the dollar was in the ascendency in the early part of the week …
- However, the greenback was unable to maintain its gains …
- EUR/USD starts this week just above the midpoint of $1.15-1.16 …
- GBP/USD is at the halfway mark of the $1.31-1.32 range …
- EUR/GBP is changing hands just below the 88p handle …
- This week, there is a busy data calendar in the UK …
- Meantime, focus will be on efforts to end the US government shutdown also …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1557 |
|
0.21 |
11.63 |
| EUR/GBP |
0.8788 |
|
-0.01 |
6.23 |
| GBP/USD |
1.3147 |
|
0.23 |
5.08 |
| GBP/EUR |
1.1374 |
|
0.01 |
-5.86 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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