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FX CARBON Power prices in Ireland are strongly linked to gas and Carbon prices by the volume of gas fired power stations in Ireland’s power market. Gas prices are in turn influenced by oil prices and exchange rates. Exclusion of Liability Disclaimer: Whilst the information in this document is based on information that Horizon Energy Group Limited considers reliable and endeavors to –ensure is current, neither Horizon Energy Group Limited, nor any of its officers, employees, agents or affiliates make any representation or warranty (express or implied) with respect to, and no such person shall have any responsibility or liability to, any person for either the accuracy, completeness or reliability of the information contained in this document or for delays in the provision of, or for not providing, any of this information. The provision of this information does not represent a recommendation or offer or the solicitation of an offer by Horizon Energy Group Limited to any person to enter into any transaction nor should any person rely on any information contained in this document for any decisions to be made by them. Any opinions expressed by Horizon Energy Group Limited in this document are personal to it and are subject to change without notice. Ownership of the copyright arising in this document belongs to Horizon Energy Group Limited and accordingly this document may not be copied, published, distributed or adapted in any fashion by any person without Horizon Energy Group Limited’s express prior written consent. Horizon Energy Group Limited is registered in Ireland with limited liability. Registered number: 452021 European carbon prices saw a sharp downturn for the week, as investors closed out long positions after a steep early weekly decline, amid weaker growth expectations and renewed trade tensions. EUAs plunged alongside the wider energy market, dropping on Tuesday to their lowest levels since mid-December over 10 EUR below —last week’s close. As a result, EUAs expiring in Dec-26 plunged by 4% to 88.40 EUR/tonne. 80859095100105Dec26Dec27Dec28Dec29€/tonneThe change in Carbon Prices16.01.2623.01.261.15501.16001.16501.17001.17501.18000.86200.86400.86600.86800.87000.87200.87400.876016.01.2619.01.2620.01.2621.01.2622.01.2623.01.26€/$€/£The change in €/£/$ €/£€/$The Euro rose sharply against the U.S. dollar last week, as the greenback came under heavy selling pressure amid persistent concerns over the United States’ long-term trade relations with its partners. Despite the recent resolution of geopolitical and trade tensions between Washington and several EU member states, the EUR/USD rate climbed by 1% to 1.1742 on Friday. The EUR/GBP pair ended rather flat to slightly bullish at 0.8681, as Germany’s ZEW economic sentiment index exceeded expectations, reaching its highest level since July 2021. Friday’s stronger-than-expected UK Retail Sales and PMI figures capped Euro’s gains, with analysts suggesting they may delay further BoE rate cuts.