Dear Reader,

 

Today's overview of economic news and market action

  • Muted mood on markets persisted yesterday …
  • Currency-wise, the main pairs operated in very narrow ranges …
  • Of the limited moves to the note, the dollar was marginally firmer …
  • EUR/USD opens today in the lower half of $1.11-1.12 …
  • GBP/USD is operating back closer to $1.32 …
  • EUR/GBP remains in the bottom half of 84-85p …
  • Today, he flash readings of HCIP inflation from Germany and Spain are due …
 
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Today's Opening FX Rates
 
      % Change Day* End 2023
EUR/USD 1.1137   -0.20 0.92
EUR/GBP 0.8423   -0.05 -2.83
GBP/USD 1.3217   -0.19 3.83
GBP/EUR 1.1867   0.05 2.91
*versus Previous Day's European Open

All rates quoted are indicative market rates.
 
Irish Economy Watch - August 2024
 

House prices continue to trend sharply higher. They were up 8.6% YoY in June. Consumer prices rose by 0.2% in July, amid further increases in transport and hospitality costs. Revisions to the data show the unemployment rate averaged 4.4% in Q2’24 up from 4.3% in Q1’24. The preliminary reading indicates GDP expanded by 1.2% in Q2’24, but it remained 1.4% lower in YoY terms. 
 
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