Dear Reader,
Today's overview of economic news and market action:
- The relief rally disintegrated yesterday, and risk appetite soured markedly …
- Trading conditions remained very volatile amid the significant swing in sentiment …
- The Swiss franc, yen and euro all benefitted from the deterioration in sentiment …
- At the same time, the dollar and sterling were on the defensive …
- As trading gets underway today, EUR/USD is at $1.1264 …
- EUR/GBP is in the top half of 86-87p …
- Later today, the Michigan measure of US consumer sentiment will feature …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.1264 |
|
2.57 |
8.80 |
| EUR/GBP |
0.8667 |
|
1.49 |
4.76 |
| GBP/USD |
1.2996 |
|
1.08 |
3.88 |
| GBP/EUR |
1.1536 |
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-1.47 |
-4.55 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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Weekly Market Brief Know when to hold 'em
This week’s salvo of tariffs by the Trump administration raised the stakes for global trade partners, particularly those hit hardest in Asia and Europe. The EU tariff is to be set at 20%, with a carve out in some areas for now, such as semiconductors, lumber, and crucially for Ireland, pharmaceuticals.
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