Dear Reader,

 

Today's economic news and market action:

  • Generally cautious mood to sentiment last week
  • Main equity indices fell over the period
  • However, some firming in market rate expectations
  • Currency-wise, euro was on the defensive
  • EUR/USD fell back below $1.07, EUR/GBP below 89p
  • This week’s data highlights include US and UK CPI inflation (Jan)
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0683   -0.38 -0.18
EUR/GBP 0.8858   -0.03 0.16
GBP/USD 1.206   -0.32 -0.31
GBP/EUR 1.1285   0.03 -0.16
*versus Previous Day's European Open

 
 
 
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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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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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