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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Trading conditions remained volatile and nervous yesterday
  • Against backdrop of pending tariff announcements from the US
  • Currency-wise, majors were confined to fairly narrow ranges
  • EUR/USD opens this morning just above $1.08
  • EUR/GBP remains near midpoint of 83-84p
  • Data-wise, Eurozone inflation and US manufacturing ISM are the main highlights today

 
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0815   -0.17 4.46
EUR/GBP 0.8367   0.10 1.14
GBP/USD 1.2923   -0.23 3.29
GBP/EUR 1.1948   -0.10 -1.12
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
Bank of England Watch - March 2025
 
 

The March policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave the Bank rate unchanged at 4.50%. Today’s decision was very much in-line with market expectations.
 
 
US Fed Watch - March 2025
 
 

The March 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%.