Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Investor sentiment was holding a positive tone yesterday
  • Raft of macro data showed continued resilience in the US economy
  • Currency-wise, the action was confined to narrow ranges
  • FX majors open this morning very similar to 24 hours earlier
  • EUR/USD is just above $1.16, EUR/GBP is near the midpoint of 86-87p
  • Today’s macro highlights are US consumer sentiment (July) and housing starts (Jun)

 

 

 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1615   -0.08 12.19
EUR/GBP 0.8655   -0.24 4.62
GBP/USD 1.3414    0.16 7.22
GBP/EUR 1.1547    0.24 -4.41
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 

 
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As we reach the halfway mark of 2025, the Irish residential property market continues to be defined by a shortfall in supply.

 

 
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