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FX

The EUR/USD pair added a 2% rise against the dollar for the €/£ The change in €/£/$ €/$
week, driven mainly by weaker U.S. data Midweek gains
were reinforced by political concerns over the Fed’s 0.8730 1.1700
independence, while softer Eurozone data tempered the 0.8720 1.1650
rally. The pair ended the week near its high at 1.1648, 0.8710 1.1600
despite a cautious Friday ahead of geopolitical 0.8700 1.1550
developments. 0.8690 1.1500
0.8680
The EUR/GBP ended the week slightly lower, slipping from 0.8670 1.1450
0.8673 to 0.8671. Early gains from UK economic worries 1.1400
0.8660
faded as stronger UK PMI data and a BoE rate cut, paired 1.1350
0.8650
with weak Eurozone figures, pressured the euro. Midweek
0.8640 1.1300
strength ahead of the BoE decision was short-lived, and the
0.8630 1.1250
pair finished the week as were it started as markets awaited 01.08.25 04.08.25 05.08.25 06.08.25 07.08.25 08.08.25
geopolitical developments.
€/£ €/$

CARBON

Despite geopolitical tensions, European carbon prices The change in Carbon Prices
rose over the past week, supported by stronger 80
demand during the compliance buying period ahead of 78
September deadline. 76

€/tonne 74
As a result, EUAs expiring in Dec-25 rose by 3% for the 72
week, to end at 73.21 EUR/tonne. 70
68
66
Dec25 Dec26 Dec27 Dec28
01.08.25 08.08.25

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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