Page 17 - Demo

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 ended largely flat last week, trading in a narrow range just above 70 EUR/t, despite significant gains in gas and power markets. News headlines dominated trading as carbon markets lacked direction, with sentiment weakening amid a seventh day of the Iran conflict and growing fears of extended export disruptions. EUAs expiring in Dec-26 rose by 0.4% for the week, closing at 70.57 EUR/tonne. 6668707274767880Dec26Dec27Dec28Dec29€/tonneThe change in Carbon Prices27.02.2606.03.261.14001.14501.15001.15501.16001.16501.17001.17501.18001.18500.86200.86400.86600.86800.87000.87200.87400.87600.878027.02.2602.03.2603.03.2604.03.2605.03.2606.03.26€/$€/£The change in €/£/$ €/£€/$The euro ended the week on a weaker note , as geopolitical tensions supported the dollar, a safe-haven currency. Rising global energy prices added pressure on the euro, with investors concerned about the potential impact of higher energy costs on an already fragile Eurozone economy. Sentiment around the EUR was also affected by escalating tensions between the EU and the US, after President Donald Trump threatened to suspend trade with Spain over the country’s stance on the Iran conflict. Brussels later indicated it might consider retaliatory measures if Washington moved forward with restrictions. The EUR/USD pair fell by 2% to 1.1561 on Friday. Sterling strengthened versus the European single currency as Eurozone Q4 growth was downgraded, underscoring limited economic momentum. In the UK, recent developments have altered monetary policy expectations. Higher energy prices due to the Middle East conflict are increasing inflation risks, making a near-term Bank of England rate cut less likely. As such, the EUR/GBP dropped by 1% to 1.1535 .