Dear Reader,

 

Here is an overview of today's economic news and market action:

  • Equity markets finished flat for the day yesterday …
  • Currency-wise, the main pairs remained confined to tight ranges …
  • Of the limited moves to register, sterling was slightly firmer ..
  • EUR/GBP opens this morning in the lower half of 88-89p …
  • GBP/USD is operating near the midpoint of $1.24-1.25 …
  • EUR/USD is above the halfway mark of $1.09-1.10 …
  • Busy US data docket today …
  • Latest ECB monetary policy meeting account are also due …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0969   0.02 2.49
EUR/GBP 0.8815   -0.18 -0.33
GBP/USD 1.2443   0.20 2.86
GBP/EUR 1.1340   0.18 0.33
*versus Previous Day's European Open

 
 
 
Weekly Market View
 

A Cautionary Tale

 

The latest quarterly update from the IMF on the outlook for the world economy published last week saw little change to its forecasts from those issued in January and last October.
 
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Weekly Market Brief: 17-21 April
 

Storm Clouds Gathering

  • The latest quarterly update from the IMF on the outlook for the world economy published last Tuesday saw little change to its forecasts from those issued in January and last October.
 
Read More
 
Forex and Interest Rate Outlook - March 2023
 
  • Economic data have generally surprised to the upside in first quarter, helped by easing inflation. However, possible credit crunch and tighter lending standards new risk to activity
 
Read More