Dear Reader,

 

Here is an overview of today's economic news and market action:

  • Volatility remained incredibly elevated yesterday …
  • Contagion risk intensified, with the focus shifting to Europe …
  • Market rate hike expectations softened significantly …
  • Currency-wise, the dollar and yen were in the ascendancy …
  • However, moves partially retraced as Swiss authorities provide liquidity overnight …
  • EUR/USD opens in the lower half of $1.06-1.07 …
  • GBP/USD is just below $1.21 …
  • EUR/GBP is in the top half of 87-88p …
  • All eyes on the ECB today …
  • Market split on whether the ECB will opt for a 25 or 50bps rate hike …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0622   -1.07 -0.75
EUR/GBP 0.8782   -0.57 -0.70
GBP/USD 1.2093   -0.51 -0.03
GBP/EUR 1.1381   0.57 0.71
*versus Previous Day's European Open

 
 
 
AIB Market Talk Podcast
 

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
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Economist's Weekly Market View - Watch Out for Speed Bumps
 
 

Last week’s Quarterly Bulletin from the Central Bank saw upgrades to its forecasts for the Irish economy. This was largely due to a better than expected global economic backdrop as well as downward revisions to projections for the path of inflation in 2023.
 
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Weekly Market Brief: 13 - 17 March
 

No Sham-Rock

  • The latest Quarterly Bulletin from the Central Bank saw upgrades to its forecasts for the Irish economy.
  • The Central Bank’s growth forecasts are somewhat more upbeat than the recently published projections from the European Commission
 
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February 2023 Services PMI Report
 

Ireland's service sector gained some further growth momentum midway through the first quarter of the year with the latest AIB PMI® survey data marking exactly two consecutive years of monthly improvements in business activity, new business, and employment.
 
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Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
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