Dear Reader,

 

The economic news and market action:

 

  • Euro Stoxx rose by 2.4%, helped by better than expected data …
  • S&P 500 rose by a more modest 0.8% ….
  • Currency-wise, main pairs operated in tight ranges …
  • EUR/USD opens just above $1.06 today …
  • GBP/USD is in the bottom half of $1.20-1.21 …
  • EUR/GBP remains in the lower half of 88-89p …
  • Relatively quiet data schedule ahead today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0609   0.40 -0.87
EUR/GBP 0.8822   0.06 -0.25
GBP/USD 1.2023   0.33 -0.61
GBP/EUR 1.133   -0.06 0.25
*versus Previous Day's European Open

 
 
 
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AIB Ireland Manufacturing PMI - December 2022
 

The Irish manufacturing sector recorded a second month of deteriorating operating conditions in December as new orders fell sharply, according to the latest AIB PMI® data.
 
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AIB Economist's Weekly market view - 3 January 2023
 

The Irish residential property market has been characterised by marked upward pressure on prices and rents over the past couple of years.
 
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