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CARBON (€/T) WED THU VAR D-1 VAR W-1AVG.MAXMIN 18/319/3FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202665.87 63.65-2.22-5.0878.6492.2463.65CO2 EUA DEC 202768.14 65.92-2.22-5.1280.9294.8065.92CO2 EUA DEC 202870.46 68.21-2.25-5.2383.4597.7368.21CO2 EUA DEC 202973.02 70.83-2.19-5.2986.36101.0470.83UK ETS DEC 26 EUR 42.58 40.13-2.45-5.9863.0484.0240.13UK ETS DEC 27 EUR 44.78 42.32-2.46-5.9365.8087.6142.32UK ETS DEC 28 EUR 47.25 44.79-2.46-5.9568.9391.4644.79European carbon prices declined on Thursday as an EU summit on loweringpower costs and boosting competitiveness raised the prospect of changes tothe EU ETS, pushing Dec-2026 EUAs 3.4% down at 63.65 EUR/tonne.CO2 EUAEXCHANGE RATES WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 18/319/3FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1500 1.1489-0.0011-0.00581.17241.19741.1476RATE EUR/GBP0.8639 0.863900.00150.86880.87630.8616RATE GBP/EUR1.1575 1.15760.0001-0.00191.15101.16061.1412The EUR/USD rate settled at 1.1489 and the EUR/GBP pair ended at 0.8639on Thursday as markets awaited the upcoming BoE and ECB policy decisions.Both central banks are widely expected to keep rates unchanged, as rising oilprices linked to Middle East tensions have unsettled global inflationexpectations. Attention is also on UK labour data, with unemployment seenrising to 5.3% and earnings growth slowing to 4%.