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CARBON (€/T) WED THU VAR D-1 VAR W-1AVG.MAXMIN 12/11 13/11FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 202581.91 81.34-0.571.1773.6083.9360.94CO2 EUA DEC 202684.09 83.53-0.561.2975.5986.3562.54CO2 EUA DEC 202786.46 85.90-0.561.3577.8989.0764.54CO2 EUA DEC 202889.15 88.57-0.581.480.4691.9466.86UK ETS DEC 25 EUR 65.26 66.050.791.6757.1167.0437.35UK ETS DEC 26 EUR 68.15 69.010.861.7759.7470.0439.48UK ETS DEC 27 EUR 71.15 72.070.921.7862.5373.1442.14European carbon prices declined on Thursday, weighed by technical selling andwider softness in equities and energy. Consequently, the EUAs expiring in Dec-2025 fell by 0.7% to 81.34 EUR/tonne.CO2 EUAEXCHANGE RATES WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 12/1113/11FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1576 1.16190.00430.00861.12481.18371.0198RATE EUR/GBP0.8823 0.8819-0.00040.00120.85400.88230.8253RATE GBP/EUR1.1334 1.13390.0005-0.00161.17131.21171.1334The EUR/USD pair increased by 0.4% to 1.1619, as the US governmentreopening and elevated Treasury yields failed to support the Dollar, despitetraders reducing bets on a December Fed rate cut. Markets now price only a50% chance of a December rate hike amid weaker risk sentiment.Meanwhile, the EUR/GBP rate slipped by 0.1% to 0.8819. The Euro initiallygained after weak UK data, September GDP fell 0.1% MoM, matching August’sdecline, but later eased following softer-than-expected Eurozone industrialproduction, which rose just 0.2% MoM versus a 0.7% forecast and 1.2% YoYversus 2.1% expected.