Dear Reader,

 

Today's overview of economic news and market action: 

  • Cautious tone to investor sentiment yesterday
  • Reflected in modest falls among some of the main equity indices
  • Currency-wise, the dollar gathered some further upward momentum
  • EUR/USD opens this morning below $1.16, with GBP/USD down at the $1.33 mark
  • Today’s macro highlights are Italian industrial production (Aug) and US consumer sentiment (Oct)
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.157   -0.64 11.76
EUR/GBP 0.8694   0.16 5.09
GBP/USD 1.3303   -0.80 6.33
GBP/EUR 1.1496   -0.16 -4.84
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
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More Economic News
 
Irish Economic Update - Budget 2026
 
 

The budget, the first of the current Government, contained a package of measures totalling €9.4bn. The Government is providing an additional €8.1bn in spending increases and €1.3bn in tax cuts for next year.
 
Read More
 
 
AIB Ireland Services & Manufacturing PMIs
 
 

Services in September - Service sector growth rebounds ...

 

Manufacturing in September - Modest upturn in manufacturing performance ...

 

 
 
Read More
 
 
New Episode of AIB Market Talk
 
 

Join Joanne McCabe and Chief Economist David McNamara as they break down the latest AIB Irish Manufacturing and Services PMI data. The pair discuss key trends in sector growth, export dynamics, employment shifts, and the impact of global events on Ireland’s economy. Listen to our Treasury team as they talk insights into the resilience of Irish business as we enter the final quarter of 2025, with a spotlight on standout sectors and the outlook for the months ahead.
 
Listen Here