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Good Morning ,

 

Today's overview of economic news and market action:

  • Investor sentiment improved markedly at the start of the week …
  • The mood on markets was supported by the US Senate passing a bill to end the shutdown …
  • Currency-wise, the main FX pairs were relatively range bound …
  • Sterling has softened in early trading today, following the release of UK labour market data …
  • EUR/GBP is up at the 88p mark …
  • GBP/USD is back in the lower half of the $1.31-1.32 range …
  • EUR/USD remains just above the midpoint of $1.15-1.16 …
  • Today, attention will remain on efforts to end the government shutdown in the US …

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1554   -0.06 11.60
EUR/GBP 0.8798   0.14 6.35
GBP/USD 1.3127   -0.20 4.92
GBP/EUR 1.136   -0.14 -5.97
*versus Previous Day's European Open

All rates quoted are indicative market rates.