Dear Reader,

 

Today's economic news and market action:

  • Mixed tone to sentiment yesterday …
  • Euro Stoxx 50 up 1%, but S&P 500 fell 0.9%, as risk appetite waned overnight …
  • The main FX pairs continued to trade in narrow corridors …
  • EUR/GBP opens this morning near the midpoint of 88-89p …
  • GBP/USD is operating just below $1.21 …
  • EUR/USD remains in the lower half of $1.07-1.08 …
  • Quiet data schedule ahead today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0728   -0.06 0.24
EUR/GBP 0.8869   -0.10 0.28
GBP/USD 1.2095   0.07 -0.02
GBP/EUR 1.1272   0.10 -0.28
*versus Previous Day's European Open

 
 
 
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Economist's Weekly Market View - Recession Fears Abating
 

The title of the International Monetary Fund’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.  For advanced economies, CPI rates are seen falling from an average 7.3% in 2022 to 4.6% in 2023 and to 2.6% in 2024. 
 
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Weekly Market Brief: 6 - 10 February
 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.
 
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AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...
 
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