Dear Reader,

 

Today's overview of economic news and market action: 

  • Markets took little notice of the government shutdown in the US last week …
  • Currency-wise, the main FX pairs operated in very tight ranges throughout the week …
  • The yen has weakened at the start of this week, as Sanae Takaichi was elected as leader of the ruling LDP party …
  • This sees USD/JPY open in ¥150 territory …
  • Elsewhere, EUR/USD remains just above the $1.17 handle …
  • GBP/USD is operating in the bottom half of $1.34-1.35 …
  • EUR/GBP continues to change hands in the lower end of the 87-88p corridor …
  • The ongoing US government shutdown means that the calendar is without official US data releases …
  • Meanwhile, both the ECB and Fed meeting minutes from September will warrant attention …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1703   -0.11 13.04
EUR/GBP 0.8713   -0.08 5.32
GBP/USD 1.3428   -0.04 7.33
GBP/EUR 1.147   0.08 -5.05
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
View Rates
 
More Economic News
 
AIB Ireland Services & Manufacturing PMIs
 
 

Services in September - Service sector growth rebounds ...

 

Manufacturing in September - Modest upturn in manufacturing performance ...

 

 
 
Read More
 
 
New Episode of AIB Market Talk
 
 

Join Joanne McCabe and Chief Economist David McNamara as they break down the latest AIB Irish Manufacturing and Services PMI data. The pair discuss key trends in sector growth, export dynamics, employment shifts, and the impact of global events on Ireland’s economy. Listen to our Treasury team as they talk insights into the resilience of Irish business as we enter the final quarter of 2025, with a spotlight on standout sectors and the outlook for the months ahead.
 
Listen Here