Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a risk-off tone to investor sentiment yesterday …
  • US equity markets moved lower, Treasury yields climbed higher, while the dollar depreciated further …
  • Against this backdrop, EUR/USD moved above the $1.15 threshold …
  • EUR/GBP is at 86p …
  • GBP/USD is north of the $1.34 mark …
  • USD/JPY is back below ¥140 …
  • Turning to the day ahead, the macro calendar is limited on both sides of the Atlantic …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1535   0.16 11.42
EUR/GBP 0.8599   -0.06 3.94
GBP/USD 1.3412    0.25 7.20
GBP/EUR 1.1625   0.06 -3.79
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 

 
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Weekly Market Brief Market puts a guardrail on Trump
 

Following a tumultuous week on financial markets, with President Trump unwinding some tariff measures and ratcheting up others, uncertainty abounds, with little clarity on the future path of policy. However, as we discussed in our Weekly publication last Friday, the markets have found the pain threshold for the Trump administration and have potentially set a guardrail on future policy

 
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