Good Morning ,

 

Today's overview of economic news and market action:

  • There was a mixed mood on markets yesterday …
  • On bond markets, Gilt yields fell by 7-8bps amid a softening in UK rate expectations …
  • Against this backdrop, sterling was under some downward pressure …
  • This sees EUR/GBP open above the 88p mark …
  • Meantime EUR/USD is changing hands in the top half of $1.15-1.16 …
  • GBP/USD is near the midpoint of the $1.31-1.32 corridor …
  • Today, the focus will likely be on efforts to end the US government shutdown …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1581   0.17 11.86
EUR/GBP 0.8812   0.35 6.52
GBP/USD 1.314   -0.18 5.03
GBP/EUR 1.1342   -0.35 -6.12
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
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