Dear Reader,

 

Today's overview of economic news and market action: 

  • Some firming in risk appetite yesterday
  • This followed Friday’s risk averse end to last week
  • Gains for the main equity indices on both sides of the Atlantic
  • Currency-wise, the dollar ground out some gains versus the euro and sterling
  • EUR/USD opens below $1.16, GBP/USD is at $1.33
  • Ahead today, the German ZEW survey and US small business optimism are the main data highlights
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1584   -0.31 11.89
EUR/GBP 0.8701   0.03 5.17
GBP/USD 1.3307   -0.35 6.36
GBP/EUR 1.1487   -0.03 -4.92
*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.
 
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