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CARBON (€/T) WED THU VAR D-1 VAR W-1AVG.MAXMIN 25/326/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202670.74 71.650.91877.9392.2463.65CO2 EUA DEC 202773.26 74.291.038.3780.2394.8065.92CO2 EUA DEC 202875.78 76.941.168.7382.7697.7368.21CO2 EUA DEC 202978.54 79.741.28.9185.66101.0470.83UK ETS DEC 26 EUR 43.89 43.920.033.7961.4584.0240.13UK ETS DEC 27 EUR 46.34 46.400.064.0864.1887.6142.32UK ETS DEC 28 EUR 48.80 48.860.064.0767.2591.4644.79European carbon prices moved higher on Thursday in relatively light trading,tracking strength in the wider energy complex amid conflicting headlines on Irannegotiations and continued strikes in the Persian Gulf. As a result, EUAsexpiring in Dec-2026 rose by 1.3% to 71.65 EUR/tonne.CO2 EUAEXCHANGE RATES WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 25/326/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1592 1.1539-0.00530.0051.17111.19741.1476RATE EUR/GBP0.8656 0.8651-0.00050.00120.86850.87630.8616RATE GBP/EUR1.1553 1.15590.0006-0.00171.15151.16061.1412The EUR/USD pair slipped by 0.5% to 1.1539, as the Dollar gained on safe-haven demand amid US-Iran tensions, despite markets expecting the Fed tohold rates through 2026 amid inflation and labour market pressures.Meanwhile, the EUR/GBP rate held at 0.8651, weighed by weak Germanconsumer confidence and hawkish remarks from ECB member andBundesbank President Joachim Nagel, who said an April rate hike could beconsidered if Middle East tensions push Eurozone inflation higher. Rising oilprices further add to the ECB’s growth and inflation concerns.