Dear Reader,
Today's overview of economic news and market action
- Cautious mood on markets persisted yesterday …
- Euro Stoxx 50 rose by 0.2% but the S&P fell by 0.7% …
- Meantime, the flash PMIs for May in the Eurozone, UK and US were mixed …
- Currency-wise, having initially moved lower, the dollar took the ascendancy late on …
- EUR/USD opens today in the lower half of $1.08-1.09 …
- GBP/USD is back below the $1.27 threshold …
- EUR/GBP is in the bottom half of 85-86p …
- Remarks from central bank officials due today …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0814 |
|
-0.11 |
-2.01 |
| EUR/GBP |
0.8519 |
|
0.13 |
-1.72 |
| GBP/USD |
1.2692 |
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-0.27 |
-0.29 |
| GBP/EUR |
1.1732 |
|
-0.13 |
1.75 |
| *versus Previous Day's European Open |
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