Dear Reader,

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

• Volatile start to the week on markets …
• Market rate hike expectations softened considerably …
• Bond yields fell very sharply across the board …
• Choppy trading conditions on currency markets …
• EUR/GBP opens back in the 87-88p range …
• GBP/USD is above the midpoint of $1.21-1.22 …
• EUR/USD is operating in the top half of $1.06-1.07 …
• US CPI inflation (Feb) due today …

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.

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

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.

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.

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