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CARBON (€/T) MON TUE VAR D-1 VAR W-1AVG.MAXMIN 17/11 18/11FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202579.92 81.221.30.5773.7083.9360.94CO2 EUA DEC 202682.09 83.411.320.6475.6986.3562.54CO2 EUA DEC 202784.47 85.791.320.6877.9889.0764.54CO2 EUA DEC 202887.12 88.441.320.780.5691.9466.86UK ETS DEC 25 EUR 64.30 64.610.31-0.1357.2167.0437.35UK ETS DEC 26 EUR 67.32 67.600.280.0259.8570.0439.48UK ETS DEC 27 EUR 70.39 70.660.270.162.6473.1442.14European carbon prices rose on Tuesday, supported by weather forecastsshowing colder-than-usual conditions across much of Northwest Europe intoDecember, hinting at a prolonged chill. Consequently, the EUAs expiring inDec-2025 soared by 1.6% to 81.22 EUR/tonne.CO2 EUAEXCHANGE RATES MONTUEVAR D-1 VAR W-1AVG.MAXMIN 17/1118/11FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1593 1.1590-0.00030.00151.12541.18371.0198RATE EUR/GBP0.8795 0.88210.00260.00170.85450.88460.8253RATE GBP/EUR1.1370 1.1337-0.0033-0.00211.17071.21171.1305The EUR/USD pair was little changed at 1.1590 on Tuesday, with traderscautious ahead of NVIDIA earnings, recent US labour data, and Thursday’sNonfarm Payrolls.Meanwhile, the EUR/GBP rate increased by 0.3%, settling at 0.8821, asmarkets awaited Wednesday’s UK CPI release. October inflation is expected at0.4% month-on-month, with annual headline easing to 3.6% and core to 3.4%.A softer inflation print could strengthen expectations for a Bank of England ratecut in December or January, potentially putting downward pressure on thePound.