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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 marginal declines over the past week but remained confined to a narrow range amid a lack of clear market drivers. Negative sentiment on the stock markets as well as across the fuel markets affected carbon prices. As a result, EUAs expiring in Dec-25 slipped by 0.4% for the week, ending at around 71 EUR/tonne. 6668707274767880Dec25Dec26Dec27Dec28€/tonneThe change in Carbon Prices25.07.2501.08.251.12001.13001.14001.15001.16001.17001.18000.85600.85800.86000.86200.86400.86600.86800.87000.87200.874025.07.2628.07.2529.07.2530.07.2631.07.2601.08.26€/$€/£The change in €/£/$ €/£€/$The Euro sharply declined against the U.S. dollar. The gloomy market sentiment, following U.S. President Donald Trump’s signing of executive orders imposing tariffs on dozens of trading partners, continues to support the dollar. The EUR/USD rate dropped by about 3% for the week, reaching 1.1404 on Friday. The British pound strengthened versus the European single currency, as investor sentiment toward the Euro soured due to a contentious EU-US trade agreement and mixed economic data from the Eurozone. As such, the EUR/GBP pair declined by 0.6% for the week, ending at 0.8665.