Dear Reader,

 

Today's economic news and market action:

  • There was a subdued mood on markets …
  • Meanwhile, sterling was on the defensive …
  • Reflected by EUR/GBP opening today near the midpoint of 88-89p …
  • GBP/USD is operating in the lower half of $1.23-1.24 …
  • EUR/USD is changing hands at the $1.09 threshold …
  • German Ifo (Jan) is the main release today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0897   0.19 1.82
EUR/GBP 0.8842   0.71 -0.02
GBP/USD 1.2321   -0.52 1.85
GBP/EUR 1.1303   -0.70 0.02
*versus Previous Day's European Open

 
 
 
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AIB Economist's Weekly Market View - 24 January 2023
 

The World Bank, in its latest Global Economic Prospects report released earlier this month, warned that the global economy is perilously close to falling into recession this year. It said the world economy could register one of the weakest rates of growth seen in recent decades in 2023, following a year of very high inflation, worsening financial conditions and Russia’s invasion of Ukraine.
 
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Weekly Market Brief: 23 - 27 January
 

Some Silver Linings in Dark Clouds

The World Bank, in its latest Global Economic Prospects report released earlier this month, warned that the global economy is perilously close to falling into recession this year.
 
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