Dear Reader,

 

Today's economic news and market action:

  • Investor sentiment continued to hold a cautious tone yesterday …
  • Both the Euro Stoxx 50 & S&P 500 finished slat for the day …
  • Currency-wise, the main pairs operated in narrow corridors …
  • Of the limited action, sterling recouped some of its recent losses …
  • Sees EUR/GBP open back down at the 88p level …
  • GBP/USD is changing hands in the top half of $1.23-1.24 …
  • EUR/USD continues to straddle the $1.09 handle …
  • First reading of Q4 US GDP due today …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.092   0.22 2.04
EUR/GBP 0.8811   -0.37 -0.37
GBP/USD 1.2392   0.58 2.44
GBP/EUR 1.1344   0.37 0.37
*versus Previous Day's European Open

 
 
 
Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
Watch Here
 
Forward Contracts Video Gif
 
AIB Market Talk Podcasts!
 
 
Market Talk Podcast Cover Image

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
Listen & Subscribe
 
 
AIB Economist's Weekly Market View - 24 January 2023
 

The World Bank, in its latest Global Economic Prospects report released earlier this month, warned that the global economy is perilously close to falling into recession this year. It said the world economy could register one of the weakest rates of growth seen in recent decades in 2023, following a year of very high inflation, worsening financial conditions and Russia’s invasion of Ukraine.
 
Continue Reading
 
Weekly Market Brief: 23 - 27 January
 

Some Silver Linings in Dark Clouds

The World Bank, in its latest Global Economic Prospects report released earlier this month, warned that the global economy is perilously close to falling into recession this year.
 
Read More
 
Subscribe to our Economic Analysis
 

AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...
 
Subscribe