Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Last week marked a significant shift for markets …
- The focus was on monetary policy as the BoJ hiked rates while the Fed and BoE left policy on hold …
- The tone of the Fed meeting was hawkish, which saw US market rate expectations firm …
- Brent crude oil now prices at just below $80 per barrel …
- Currency-wise, the dollar was in the ascendancy and the sterling on the defensive …
- EUR/USD opens today back at the midpoint of the $1.14-1.15 band …
- GBP/USD is operating down at the $1.32 threshold …
- EUR/GBP is in the upper region of the 86-87p trading band …
- Turning to the week ahead, the main release will be the flash PMIs for June in the main economies …
- Additionally, rumours are rife that PM Starmer may step-down later today …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1454 |
|
0.24 |
-2.48 |
| EUR/GBP |
0.8674 |
|
-0.03 |
-0.47 |
| GBP/USD |
1.3201 |
|
0.25 |
-2.02 |
| GBP/EUR |
1.1523 |
|
0.03 |
0.47 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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