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CARBON (€/T) WED THU VAR D-1 VAR W-1AVG.MAXMIN 4/35/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202670.76 70.35-0.41-0.6280.7992.2469.18CO2 EUA DEC 202772.83 72.46-0.37-0.4783.0794.8071.09CO2 EUA DEC 202875.09 74.74-0.35-0.3885.6497.7373.28CO2 EUA DEC 202977.70 77.32-0.38-0.488.61101.0475.83UK ETS DEC 26 EUR 50.36 48.19-2.17-3.6367.1784.0248.19UK ETS DEC 27 EUR 52.58 50.41-2.17-3.6370.0687.6150.41UK ETS DEC 28 EUR 55.05 52.88-2.17-3.7473.3391.4652.88European carbon markets moved lower on Thursday as reform discussions andthe risk of reduced industrial activity due to high gas prices weighed onsentiment. As a result, the EUAs expiring in Dec-2026 eased by 0.6% to 70.35EUR/tonne.CO2 EUAEXCHANGE RATES WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 4/35/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1649 1.1618-0.0031-0.01961.17661.19741.1606RATE EUR/GBP0.8705 0.8695-0.001-0.00240.86960.87630.8616RATE GBP/EUR1.1488 1.15010.00130.00321.14991.16061.1412The EUR/USD pair edged 0.3% lower at 1.1618 as strong US labour marketdata supported the Dollar and risk appetite remained muted due to Middle Easttensions. Initial Jobless Claims fell to 213K versus the expected 215K, whileannounced layoffs dropped 55% to 48,300 in February.The EUR/GBP rate slipped to 0.8695 ahead of Eurozone Retail Sales, whichare forecast to rise 1.7% year-on-year in January, with a 0.3% monthly gainexpected.