Dear Reader,

 

Today's economic news and market action:

  • Mixed mood on markets carried through to yesterday …
  • Euro Stoxx 50 gained 1.3%, while the S&P 500 finished flat for the day …
  • Currency-wise, the dollar was on the defensive …
  • Elsewhere, the euro was on the front-foot …
  • Evidenced by EUR/USD opening up above the $1.07 mark …
  • GBP/USD is in the top half of $1.21-1.22 …
  • EUR/GBP is changing hands up above the 88p level …
  • Today, comments from Fed Chair Powell may garner some attention …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0728   0.48 0.24
EUR/GBP 0.8818   0.33 -0.29
GBP/USD 1.2163   0.16 0.55
GBP/EUR 1.1332   -0.33 0.29
*versus Previous Day's European Open

 
 
 
Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
Watch Here
 
Forward Contracts Video Gif
 
AIB market Talk Podcasts!
 
 
Market Talk Podcast Cover Image

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
Listen & Subscribe
 
 
AIB Economist's Weekly Market View - 10 January 2023
 

After decades of price stability, the return of inflation was one of the big stories of 2022. CPI rates hit forty year highs, reaching double-digit levels in many countries, resulting in a marked tightening of monetary policy and a sharp slowdown in economic activity.
 
Continue Reading
 
Historic Rates for 2022
 

Historic FX and interest rates for 2022
 
Read More
 
Subscribe to our Economic Analysis
 

AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...
 
Subscribe