Dear Reader,

 

Today's overview of economic news and market action

  • Further weakening in the dollar last week
  • Evident in EUR/USD and GBP/USD posting fresh YTD highs
  • EUR/USD traded up to $1.12, GBP/USD reached $1.323
  • A stronger sterling has seen EUR/GBP move below 85p
  • Some key inflation data due this week from the US and Eurozone
  • Provides some event risk for the respective currencies
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2023
EUR/USD 1.1183   0.50 1.33
EUR/GBP 0.8473   -0.15 -2.25
GBP/USD 1.3198   0.68 3.68
GBP/EUR 1.1801   0.15 2.30
*versus Previous Day's European Open

All rates quoted are indicative market rates.
 
Irish Economy Watch - August 2024
 

House prices continue to trend sharply higher. They were up 8.6% YoY in June. Consumer prices rose by 0.2% in July, amid further increases in transport and hospitality costs. Revisions to the data show the unemployment rate averaged 4.4% in Q2’24 up from 4.3% in Q1’24. The preliminary reading indicates GDP expanded by 1.2% in Q2’24, but it remained 1.4% lower in YoY terms. 
 
Read More