Dear Reader,

 

Today's overview of economic news and market action:

  • Some stabilisation to investor sentiment yesterday
  • Reflected in most of the main equity indices posting modest gains
  • On bond markets, US Treasury yields moved lower
  • Against this backdrop, the dollar came under pressure 
  • EUR/USD opens above $1.10, GBP/USD is up at $1.29
  • Already this morning, UK wage growth data has surprised to the upside
  • German ZEW and US small business sentiment are the other main releases today
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.1023   0.64 3.00
EUR/GBP 0.8539   -0.12 -3.45
GBP/USD 1.2911   0.79 6.73
GBP/EUR 1.1709   0.12 3.57
*versus Previous Day's European Open

 
 
Weekly Market View
 
 

Sterling’s Rally May Be Ending


From a currency viewpoint, one of the biggest surprises over the first half of 2023 has been the strength of sterling. The pound has made gains against the other major currencies including the dollar and the euro.
 
Read More
 
 
Weekly Market Brief: 10-14 July
 

Good First Innings for Sterling

 

From a currency viewpoint, one of the biggest surprises over the first half of 2023 has been the strength of sterling 
 
Read More
 
AIB Ireland Manufacturing PMI® - June
 

Strongest deterioration in Irish manufacturing sector performance for over three years in June

 

Amid ongoing demand weakness, Irish manufacturing firms continued to see a decline in the health of the sector during June.
 
Read More
 
AIB Ireland Services PMI® - June
 

Substantial growth in the Irish service sector in June

 

Supported by buoyant demand conditions, Irish service providers registered another marked improvement in the health of the sector during June, latest AIB PMI® survey data showed
 
Read More