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CARBON (€/T) TUE WED VAR D-1 VAR W-1AVG.MAXMIN 28/10 29/10FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202578.32 78.810.490.3573.2583.9360.94CO2 EUA DEC 202680.35 80.840.490.3675.2386.3562.54CO2 EUA DEC 202782.59 83.090.50.4177.5289.0764.54CO2 EUA DEC 202885.12 85.640.520.3980.0991.9466.86UK ETS DEC 25 EUR 63.14 62.86-0.28-1.0656.7167.0437.35UK ETS DEC 26 EUR 65.92 65.64-0.28-1.159.3470.0439.48UK ETS DEC 27 EUR 68.92 68.57-0.35-1.2662.1173.1442.14European carbon prices increased on Wednesday, buoyed by sustained buyingactivity after the latest Commitment of Traders report showed that bullishinvestors were holding their positions. Strength across broader energy marketsprovided additional support, with The EUAs expiring in Dec-2025 trading 0.6%higher at 78.81 EUR/tonne.CO2 EUAEXCHANGE RATES TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 28/1029/10FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1630 1.16360.00060.00491.12331.18371.0198RATE EUR/GBP0.8760 0.88070.00470.01180.85270.88070.8253RATE GBP/EUR1.1416 1.1355-0.0061-0.01541.17311.21171.1355The EUR/USD pair remained largely steady on Wednesday, inching up by 0.1%to 1.1636, supported by renewed Euro demand ahead of Thursday’s EuropeanCentral Bank (ECB) policy decision. The ECB is widely expected to holdinterest rates steady for a third straight meeting, as inflation remains subduedand the Eurozone economy shows signs of stabilization.The EUR/GBP rate edged 0.5% higher at 0.8807, with the Pound underpressure following weak inflation data and the anticipation of an Autumn Budgetthat could include higher taxes. A Citi report highlighted that the Labourgovernment may increase dividend and consumption taxes to address a £35billion fiscal shortfall.