Dear Reader,

 

Today's economic news and market action:

  • Risk averse mood to start the week …
  • US rate expectations continued to firm …
  • Firmer US rates, in turn supported the dollar …
  • Sees EUR/USD open back in the lower half of $1.07-1.08 …
  • GBP/USD is operating down in the $1.20-1.21 range … 
  • EUR/GBP is in the bottom half of 89-90p …
  • Today, Comments from Fed Chair Powell & ECB policymaker Schnabel feature …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0732   -0.58 0.28
EUR/GBP 0.8923   -0.25 0.89
GBP/USD 1.2027   -0.32 -0.58
GBP/EUR 1.1202   0.25 -0.89
*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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