Dear Reader,

 

Today's overview of economic news and market action: 

 

  • In line with expectations, the ECB left interest rates unchanged yesterday …
  • Furthermore, the bar for any additional easing from the ECB appears to have risen …
  • Against this backdrop, Eurozone futures contracts firmed somewhat …
  • As trading gets underway this morning, EUR/GBP opens above the 87p threshold …
  • GBP/USD is back below the $1.35 mark …
  • Elsewhere, EUR/USD remains in the top half of $1.17-1.18 …
  • Later today, the main highlight will be the German Ifo (July) …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1757   -0.14 13.56
EUR/GBP 0.8709    0.47  5.27
GBP/USD 1.3496   -0.60   7.87
GBP/EUR 1.1477   -0.47 -5.01
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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AIB Irish Ecomeny Update 2025
 
 

The Summer Economic Statement (SES) and National Development Plan (NDP) are key milestones towards Budget 2026. The SES sets out the fiscal boundaries of the Budget 2026 package to be announced in the autumn, while the NDP outlines the Government’s medium-term infrastructure priorities.
 
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