Not displaying correctly?
Read in web browser

Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a cautious mood on markets yesterday …
  • US trade related news flow and CPI inflation data impacted sentiment …
  • Overall, this resulted in US futures softening and Treasury yields declining …
  • Against this backdrop, the dollar weakened, while the euro, yen and Swiss franc strengthened …
  • This sees EUR/USD open today north of $1.15 …
  • GBP/USD is changing hands at the midpoint of $1.35-1.36 …
  • EUR/GBP is just under the 85p threshold …
  • Today’s data schedule is relatively quiet …
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1513   0.86 11.20
EUR/GBP 0.849   0.31 2.62
GBP/USD 1.3556   0.57 8.35
GBP/EUR 1.1772    -0.31 -2.56
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
ECB Watch:June 2025
 
 

The ECB's governing council meeting for June saw the central bank lower interest rates for a fourth consecutive time this year. It's once again reducing them by 25bps, With the deposit rate lowered to 2.00%., while the Re-fi rate was decreased to 2.15%. This Marked the eight 25bps rate cut since the ECB started its easing cycle in June 2024.