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CARBON (€/T) THUFRI VAR D-1 VAR W-1AVG.MAXMIN 5/36/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202670.35 70.570.220.2880.5792.2469.18CO2 EUA DEC 202772.46 72.780.320.5382.8594.8071.09CO2 EUA DEC 202874.74 75.140.40.7485.4197.7373.28CO2 EUA DEC 202977.32 77.800.480.9188.37101.0475.83UK ETS DEC 26 EUR 48.19 46.24-1.95-6.4266.7184.0246.24UK ETS DEC 27 EUR 50.41 48.45-1.96-6.469.5987.6148.45UK ETS DEC 28 EUR 52.88 50.93-1.95-6.4872.8491.4650.93Stronger gas-to-coal switching, triggered by a sharp rise in TTF prices, lentmodest support to European carbon markets on Friday. Yet gains were limitedby growing scrutiny of Brussels for potential action to cap carbon costs.Consequently, the EUAs expiring in Dec-2026 increased by 0.3% to 70.57EUR/tonne.CO2 EUAEXCHANGE RATES THUFRIVAR D-1 VAR W-1AVG.MAXMIN 5/36/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1618 1.1561-0.0057-0.02441.17571.19741.1561RATE EUR/GBP0.8695 0.8669-0.0026-0.00940.86950.87630.8616RATE GBP/EUR1.1501 1.15350.00340.01231.15011.16061.1412The EUR/USD pair edged 0.5% lower at 1.1561 as safe-haven demandsupported the US Dollar despite a weak NFP report showing a 92K jobs loss inFebruary and unemployment rising to 4.4%. Geopolitical tensions are keepingthe Greenback firm.The EUR/GBP rate slipped by 0.3% to 0.8669 as Eurozone Q4 GDP growthcame in at 0.2% QoQ (1.2% YoY), below estimates, while rising UK energycosts amid Middle East tensions reduce expectations of a near-term Bank ofEngland rate cut.