Dear Reader,

The economic news and market action:

• Euro Stoxx rose by 2.4%, helped by better than expected data …
• S&P 500 rose by a more modest 0.8% ….
• Currency-wise, main pairs operated in tight ranges …
• EUR/USD opens just above $1.06 today …
• GBP/USD is in the bottom half of $1.20-1.21 …
• EUR/GBP remains in the lower half of 88-89p …
• Relatively quiet data schedule ahead today …

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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The Irish manufacturing sector recorded a second month of deteriorating operating conditions in December as new orders fell sharply, according to the latest AIB PMI® data.

The Irish residential property market has been characterised by marked upward pressure on prices and rents over the past couple of years.

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...