Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Investor sentiment held a cautious tone in Europe yesterday, while the S&P fell
  • A court blocked key aspects of US tariff policy
  • EUR/USD opens today below the mid-point of $1.12-1.13
  • USD/JPY is in the top half of the ¥145-146 range
  • GBP/USD sits in the lower half of the $1.34-1.35 corridor
  • Today market discourse will likely be reacting to the tariff ruling

 

 

 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1242   -0.56 8.59
EUR/GBP 0.8367   -0.27 1.14
GBP/USD 1.3431   -0.29 7.35
GBP/EUR 1.1945    0.27 -1.12
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 

 
More Economic News
 
AIB's Economic Outlook May 2025
 
  • Global uncertainty over trade tensions and tariffs expected to slow 2025 and 2026 growth.
  • Modified domestic demand growth of 2.3% expected this year.
  • Labour market will continue to expand, but jobs growth to ease.
  • Consumer spending robust but growth set to moderate as households build savings in uncertain macro environment.
  • Theme in Focus:Could Ireland weather a tariff & FDI shock?
 
Read More
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