TODAY’s RATES & MARKET NEWS
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Key Headlines:
Yesterday Recap
The USD strengthened for the first time in four sessions as investors sought safe havens following Ukraine's use of UK storm shadow missiles against Russia. This droves EUR/USD to test previous support levels and erased GBP/USD’s earlier gains after stronger UK CPI data. Despite a significant rise in eurozone wage growth to 5.4% in Q3 from 3.4% in Q2, the EUR showed little reaction, with markets focused on expectations of deep ECB rate cuts to offset potential trade tariff impacts.
Today’s Rates
Today's Interbank Rates at 10:32 am against GBP movement.
GBP>EUR – 1.2006
GBP>USD – 1.2626
EUR>GBP – 0.8330
EUR>USD – 1.0521
GBP>CAD – 1.7641
GBP>AUD – 1.9389
GBP>SEK – 13.931
GBP>AED – 4.6375
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GBP>HKD – 9.8280
GBP>ZAR – 22.908
GBP>CHF – 1.1158
GBP>PLN – 5.2159
Today’s Key Takeaways
Risk-Off Sentiment Dominates: Markets opened on a cautious note after Ukraine confirmed that Russia launched intercontinental ballistic missiles overnight.
USD Strengthens: The US dollar gained early in the session amid heightened risk aversion.
Focus on Geopolitics: With a light economic calendar, geopolitical developments are expected to drive FX markets today.
Key Levels to Watch: Attention remains on whether GBP/USD and EUR/USD will break below previous support levels.
21st November 2024
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