Dear Reader,

 

Today's economic news and market action:

  • Investor sentiment somewhat subdued last week …
  • Dollar in the ascendancy for much of last week …
  • However, the greenback lost some of its shine heading into the weekend …
  • EUR/USD opens at the $1.07 threshold …
  • GBP/USD is operating at the midpoint of $1.20-1.21 …
  • EUR/GBP is trading in the upper half of 88-89p …
  • This week, the main highlight will be the Flash PMIs for February …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0699   0.57 -0.03
EUR/GBP 0.8879   -0.26 0.40
GBP/USD 1.2045   0.82 -0.43
GBP/EUR 1.1256   0.26 -0.39
*versus Previous Day's European Open

 
 
 
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Weekly Market Brief: 6 - 10 February
 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.
 
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Economist's Weekly Market View - Back to the Future
 

Is the soft landing for the US economy, that even the US Federal Reserve had doubts could be achieved, coming into view for 2023? US Treasury Secretary, Janet Yellen, seems to think so, cementing last week that she sees a path in which the US economy avoids recession, helped by a significant decline in inflation and a strong labour market.
 
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