Page 68 - Demo

CARBON (€/T) TUE WED VAR D-1 VAR W-1AVG.MAXMIN 16/917/9FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202577.51 76.98-0.53-0.1272.4883.9360.94CO2 EUA DEC 202679.52 78.99-0.53-0.0974.4686.3562.54CO2 EUA DEC 202781.80 81.29-0.51-0.0576.7689.0764.54CO2 EUA DEC 202884.30 83.81-0.49-0.1179.3391.9466.86UK ETS DEC 25 EUR 66.40 66.14-0.26-0.1655.5366.4037.35UK ETS DEC 26 EUR 69.28 69.12-0.16-0.1858.1169.3039.48UK ETS DEC 27 EUR 72.51 72.22-0.29-0.2260.8472.5142.14European carbon prices pulled back from a seven-month high on Wednesday,with profit-taking weighing on the market after data revealed speculative tradershad built their biggest net long in more than four years. As a result, the EUAsexpiring in Dec-2025 fell by 0.7% to around 77 EUR/tonne.CO2 EUAEXCHANGE RATES TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 16/917/9FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1807 1.18370.0030.0131.11621.18371.0198RATE EUR/GBP0.8656 0.86750.00190.00250.84970.87170.8253RATE GBP/EUR1.1553 1.1527-0.0026-0.00341.17721.21171.1472The euro extended gains on Wednesday after the Fed delivered its first rate cutsince December, as widely expected. Hence, the EUR/USD pair trated 0.3%higher at 1.1837, with the Fed’s projections pointing to two additional cuts byyear-end, which would bring rates down to around 3.5–3.75%.Meanwhile, the EUR/GBP rate also advanced by 0.2% to 0.8675 after UK coreCPI eased to 3.6% in August from 3.8% in July, while services inflation slowedto 4.7% from 5%.