Dear Reader,

 

Today's overview of economic news and market action: 

  • There was a risk-off mood on markets yesterday …
  • Against this backdrop, equity markets moved sharply lower …
  • Traditional safe havens such as the yen and the Swiss franc were on the front-foot …
  • Meantime, the euro firmed somewhat in overnight trading …
  • This morning, EUR/USD is in the top half of the $1.08-1.09 corridor …
  • EUR/GBP is up above the 84p handle …
  • GBP/USD is operating at the $1.29 mark … 
  • USD/JPY is changing hands down at the ¥147 threshold …
  • Today, US small business optimism (Feb) and JOLTs job openings (Jan) data are in focus …
  • Remarks form ECB officials are also due …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0876   0.38 5.05
EUR/GBP 0.8427   0.45 1.86
GBP/USD 1.2903   -0.05 3.13
GBP/EUR 1.1862   -0.45 -1.83
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Ireland Construction PMI - February 2025
 

Total activity falls despite slight improvement in new orders. Housing and commercial activity increase. Staffing levels down for first time in six months.
 
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ECB Watch - March 2025
 

The March meeting of the ECB Governing Council saw the central bank cut interest rates for a second consecutive time this year. It reduced them by 25bps, with the Deposit rate lowered to 2.50%, while the Re-fi rate was decreased to 2.65%. This marked the sixth 25bps rate cut since the ECB started its easing cycle last June. 
 
Read More
 
 
 
Irish Economy Watch - February 2025
 
  • Manufacturing PMI rose to 51.3 in January, indicating a first monthly expansion since October
  • The services PMI fell to 53.4 in January, consistent with a slower pace of expansion
  • Retail sales were 0.4% lower YoY in December
  • Housing commencements 12 month running total at 60.6k in January
 
Read More