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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Investor sentiment held a positive tone yesterday
  • Eurozone inflation came in below forecast
  • Currency-wise, EUR/USD fell under the 1.14 threshold
  • EUR/GBP edged down to 84p
  • Today’s macro diary is relatively quiet

 
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1369   -0.49 9.81
EUR/GBP 0.8412   -0.40 1.68
GBP/USD 1.3513   -0.07 8.01
GBP/EUR 1.1884    0.40 -1.65
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
AIB's Economic Outlook May 2025
 
 
  • Global uncertainty over trade tensions and tariffs expected to slow 2025 and 2026 growth.
  • Modified domestic demand growth of 2.3% expected this year.
  • Labour market will continue to expand, but jobs growth to ease.
  • Consumer spending robust but growth set to moderate as households build savings in uncertain macro environment.
  • Theme in Focus:Could Ireland weather a tariff & FDI shock?