Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Relatively subdued start to the week/month yesterday
  • Mixed tone to investor sentiment
  • Currency-wise, the dollar remained under pressure
  • EUR/USD opens this morning above $1.14
  • GBP/USD is trading up in $1.35 territory
  • Today’s main data highlight is Eurozone HICP inflation (May)

 

 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1427   0.55 10.37
EUR/GBP 0.8442   0.21 2.04
GBP/USD 1.3532   0.33 8.16
GBP/EUR 1.184    -0.21 -2.00
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 

 
More Economic News
 
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?
 
Read More
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