Dear Reader,

 

Today's overview of economic news and market action: 

  • Investor sentiment was holding a risk-off tone yesterday …
  • Against this backdrop, equity markets fell on both sides of the Atlantic …
  • Currency-wise, the yen remained under pressure …
  • At the same time, the dollar was supported by the risk averse mood …
  • This sees USD/JPY start today north of the ¥152 threshold …
  • EUR/USD is changing hands down in the lower half of the $1.16-1.17 range …
  • GBP/USD is back below the $1.34 mark ...
  • EUR/GBP remains in the upper region of the 86-87p trading band …
  • Today, the only release of note will be the Fed FOMC meeting minutes from September …  
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1615   -0.70 12.19
EUR/GBP 0.8673   -0.09 4.84
GBP/USD 1.3387   -0.59 7.00
GBP/EUR 1.1525   0.09 -4.61
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
View Rates
 
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