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CARBON (€/T) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 5/98/9FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202576.04 77.171.133.272.3283.9360.94CO2 EUA DEC 202678.02 79.161.143.2574.2986.3562.54CO2 EUA DEC 202780.30 81.421.123.2776.5989.0764.54CO2 EUA DEC 202882.89 84.001.113.2979.1691.9466.86UK ETS DEC 25 EUR 64.67 65.861.193.2355.1365.8637.35UK ETS DEC 26 EUR 67.70 68.831.133.3657.6968.8339.48UK ETS DEC 27 EUR 70.83 71.971.143.6260.4171.9742.14European carbon prices hit their highest level in nearly seven months onMonday, buoyed by stronger gas and ongoing market momentum. With optionsexpiry, compliance buying, and bullish technicals in focus, the EUAs expiring inDec-2025 increased by 1.5% to 77.17 EUR/tonne.CO2 EUAEXCHANGE RATES FRIMONVAR D-1 VAR W-1AVG.MAXMIN 5/98/9FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1697 1.17280.00310.00131.11411.18101.0198RATE EUR/GBP0.8678 0.8669-0.00090.00070.84910.87170.8253RATE GBP/EUR1.1523 1.15350.0012-0.0011.17801.21171.1472The EUR/USD pair edged 0.3% higher at 1.1728 on Monday, supported byexpectations of renewed U.S. monetary easing after Fed Chair Jerome Powellhighlighted labour market weakness.Meanwhile, the EUR/GBP rate slipped by 0.1% to 0.8669, as France’s PrimeMinister François Bayrou faced a likely confidence vote defeat, adding topolitical uncertainty. Markets now turn to Thursday’s ECB meeting, where ratesare expected to stay unchanged at 2%, extending the pause in its year-longeasing cycle.