Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a cautious mood on financial markets at the start of the week …
  • Currency-wise, the main FX pairs were range bound …
  • As trading gets underway today, EUR/USD is in the lower half of the $1.13-1.14 ….
  • Meantime, USD/JPY is back under the of ¥144 mark ...
  • EUR/GBP remains in and around the 85p handle …
  • GBP/USD is changing hands  just below the $1.33 threshold …
  • Today, the data calendar is somewhat quiet …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1319   -0.16 9.33
EUR/GBP 0.8511   -0.16 2.88
GBP/USD 1.3293   0.02 6.25
GBP/EUR 1.1743    0.16 -2.80
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Weekly Market Brief Market A spoon full of sugar
 

Amid current global trade uncertainty economy watchers have been parsing the incoming data for any signs of a slowdown While US confidence surveys have taken an nosedive in recent weeks there are fewer signs of this side of the Atlantic of any discernible impact. This may in part be due to where European economies were in the business cycle versus a hot U.S. economy coming off a couple of years of a very weak growth the UK and Germany being prime examples
 
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