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                                    CARBON (€/T) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 3/46/4FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 2026-71.69--0.4977.4292.2463.65CO2 EUA DEC 2027-74.27--0.5679.7594.8065.92CO2 EUA DEC 2028-76.84--0.6182.2997.7368.21UK ETS DEC 26 EUR 47.55 47.590.043.5459.8984.0240.13UK ETS DEC 27 EUR 50.11 50.150.043.6162.6087.6142.32UK ETS DEC 28 EUR 52.76 52.800.043.8165.6291.4644.79European carbon markets remained quiet amid the temporary trading halt, withthe EUAs expiring in Dec-2026 closing at 71.69 EUR/tonne.CO2 EUAEXCHANGE RATES FRIMONVAR D-1 VAR W-1AVG.MAXMIN 3/46/4FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1515 1.15410.00260.00571.16891.19741.1476RATE EUR/GBP0.8727 0.8720-0.00070.0040.86870.87630.8616RATE GBP/EUR1.1459 1.14680.0009-0.00521.15121.16061.1412The EUR/USD pair inched up by 0.2% to 1.1541 as easing safe-haven demandfor  the  dollar  followed  reports  of  diplomatic  efforts  to  stabilise  the  situation.Despite  continued  threats  from  Donald  Trump  over  the  Strait  of  Hormuz,emerging ceasefire talks helped calm markets.The  EUR/GBP  rate  was  virtually  unchanged  at  0.8720  in  thin  Easter  trading,with  investors  balancing  escalation  risks  against  signs  of  a  potential  45-dayceasefire.
                                
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