Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- The BoE hiked the bank rate by 25bps to 4.00% yesterday, as expected …
- Market interest rate expectations were volatile yesterday …
- Overall, rate expectations softened as concerns regarding the AI sector intensified …
- On the currency front, the dollar has been in the ascendancy overnight …
- This sees EUR/USD open today back below $1.12 …
- GBP/USD is down at the $1.34 threshold …
- EUR/GBP is in the bottom half of the 83-84p range …
- Today, the US labour market report (Oct) is due …
- Concerns regarding the AI boom will also be in focus …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1171 |
|
-0.78 |
-4.89 |
| EUR/GBP |
0.8336 |
|
-0.12 |
-4.35 |
| GBP/USD |
1.3399 |
|
-0.65 |
-0.55 |
| GBP/EUR |
1.1992 |
|
0.12 |
4.55 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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