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FX

The euro rose against the US dollar, supported by concerns €/£ The change in €/£/$ €/$
over potential trade retaliation and supply chain
disruptions, which weakened the safe-haven dollar. 0.8770 1.1820
Expectations that the European Central Bank has reached 0.8760 1.1810
the end of its tightening cycle, along with Christine 0.8750 1.1800
Lagarde’s confirmation that rates remain appropriate, also 0.8740
supported the currency. Consequently, the EUR/USD pair 1.1790
0.8730
increased by 0.3% to 1.1805 on Friday. 1.1780
0.8720
Sterling lost ground versus the European single currency 0.8710 1.1770
amid continued political uncertainty in the United Kingdom, 1.1760
0.8700
despite a generally stable risk environment. Although UK
0.8690 1.1750
equities ended the week on a positive note, the pound
0.8680 1.1740
failed to benefit. As a result, the EUR/GBP pair rose by 0.4%
20.02.26 23.02.26 24.02.26 25.02.26 26.02.26 27.02.26
to 0.8763.
€/£ €/$

CARBON

Carbon prices in Europe dropped sharply over the past The change in Carbon Prices
week after Italy called for the suspension of the EU 85
emissions trading system. Within the European Union
carbon market, this would imply postponing the gradual 80
removal of free allowances and creating a more stable 75
support mechanism for exporters. €/tonne
70
Consequently, EUAs expiring in Dec-26 tumbled by
65
about 5%, ending at 70.29 EUR/tonne..
60
Dec26 Dec27 Dec28 Dec29
20.02.26 27.02.26

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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