Dear Reader,
Today's overview of economic news and market action
- Risk appetite was muted yesterday amid newsflow in relation to potential US trade tariffs …
- In terms of fixed income, UK Gilt yields rose sharply along the curve …
- The rise in UK Gilt yields yesterday coincided with a firming in UK futures contracts …
- Despite the hardening in UK rate expectations and the sharp rise in Gilt yields, sterling was on the defensive …
- At the same time, the risk-averse mood provided a supportive backdrop for the dollar …
- As trading gets underway this morning, GBP/USD opens down below the $1.23 mark …
- EUR/USD is changing hands back at the $1.03 handle …
- Elsewhere, EUR/GBP is operating up in the top half of the 83-84p range …
- Meantime, there is a relatively quiet look to the data calendar today …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.0297 |
|
-0.55 |
-0.54 |
| EUR/GBP |
0.8384 |
|
1.13 |
1.34 |
| GBP/USD |
1.2275 |
|
-1.68 |
-1.89 |
| GBP/EUR |
1.192 |
|
-1.12 |
-1.32 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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