Dear Reader,

 

Today's overview of economic news and market action

  • Some notable market action last week
  • Pairing back of rate cut expectations
  • Dollar very much holding the upper hand
  • EUR/USD fell to new YTD low below $1.07
  • GBP/USD below $1.25
  • Ahead this week, the Middle East will be very much in focus
  • Data-wise, busy flow of releases, including UK CPI and US retail sales
 
Continue Reading
 
Today's Opening FX Rates
 
    % Change
      Day* End 2023
EUR/USD 1.0653   -0.52 -3.47
EUR/GBP 0.8545   0.02 -1.42
GBP/USD 1.2466   -0.56 -2.07
GBP/EUR 1.17   -0.02 1.44
*versus Previous Day's European Open
 
Weekly Market Brief : April 15 - 19
 

ECB’s Dovish Hold Sets the Stage for June Cut

 

While markets were largely unmoved by the ECB’s latest monetary policy statement, the tone of the statement and President Lagarde’s press conference was very much a dovish one.
 
Read More
 
 
 
Bank of England Watch - March 2024
 

BoE gradually moving towards cutting interest rates

 

The March meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank keep its key interest rate unchanged at 5.25%. This decision was very much in line with market expectations.
 
Read More
 
ECB Watch - April 2024
 

ECB signals June rate cut on the cards


As widely anticipated, the ECB’s Governing Council meeting for April saw the central bank maintain its key deposit rate at 4%. It marked the fifth consecutive policy meeting that the ECB has kept rates unchanged. There was “consensus” rather than unanimity within the Governing Council on the decision.
 
Read More
 
Irish Economy Watch - March
 

PMI jumped to 52.2 in Feb, its highest level since June 2022. A sharp rise in output and employment, alongside growth in new orders were the key features of the survey.
 
Read More