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FX

The Euro fell sharply against the dollar, with the exchange €/£ The change in €/£/$ €/$
rate hitting a three-month low on Friday, impacted by a
dollar supported by the Fed’s optimistic tone following its 0.8840 1.1660
25-basis-point rate cut earlier in the week. The EUR/USD 0.8820 1.1640
parity declined by 0.5% to 1.1554 on Friday. 0.8800 1.1620
0.8780
The Pound dropped to its lowest level in almost two and a 1.1600
half years versus the European single currency last week, 0.8760
1.1580
pressured by rising concerns over the UK’s autumn budget. 0.8740
Meanwhile, the Euro was buoyed by stronger-than- 0.8720 1.1560
expected Eurozone GDP figures and the ECB’s decision to 0.8700 1.1540
maintain interest rates. Consequently, the EUR/GBP rate
0.8680 1.1520
increased by 1% for the week, closing at 0.8816.
0.8660 1.1500
24.10.25 27.10.25 28.10.25 29.10.25 30.10.25 31.10.25
€/£ €/$

CARBON

European carbon prices edged higher last week, The change in Carbon Prices
supported by usual seasonal demand and policy 86
influences, despite wider economic uncertainty. Gains
84
remained modest, however, as mild weather across the
continent reduced gas consumption, putting downward 82
pressure on carbon prices. €/tonne 80

EUAs expiring in Dec-25 gained 0.3% for the week, 78
76
ending at 78.54 EUR/tonne.
74
Dec25 Dec26 Dec27 Dec28
24.10.25 31.10.25

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.

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