Dear Reader,
Today's overview of economic news and market action
- There was a risk-off mood on markets yesterday …
- Euro Stoxx 50 shed 1.2%, while the S&P 500 fell by 0.7% …
- Currency-wise, the dollar was in the driving seat …
- Elsewhere, EUR/GBP briefly traded at its lowest level since August 2022, falling below 84.9p ..
- However, the move was not sustained. Indeed, EUR/GBP is changing hands above 85p …
- GBP/USD is down near the $1.27 mark …
- EUR/USD is operating in the lower half of the $1.08-1.09 band …
- There is a busier look to the data schedule today …
Continue Reading
|
|
|
|
Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2023 |
| EUR/USD |
1.0807 |
|
-0.36 |
-2.08 |
| EUR/GBP |
0.8505 |
|
0.00 |
-1.88 |
| GBP/USD |
1.2705 |
|
-0.35 |
-0.19 |
| GBP/EUR |
1.1752 |
|
0.00 |
1.92 |
| *versus Previous Day's European Open |
|
|
|
|
Forex and Interest Rate Outlook May
World economy continues to exhibit resilience. However, subdued growth expected again in 2024, with US outperformance starting to wane, UK and Eurozone accelerating. Inflation remains sticky in key markets, particularly the US and UK, with consumer spending underpinning high core inflation, and higher oil prices a renewed inflationary risk.
Read More
|
|
|
Weekly Market Brief 27 - 31 May
Hot Irish Labour Market Coming Off the Boil
Irish labour market expanded at a more moderate pace in Q1, but the data still point to robust growth in the Irish economy at the start of 2024. Employment increased by 0.4% in the quarter, but the annual growth rate slowed to 1.9% y/y (+3.4% y/y in Q4 2023).
Read More
|
|
|
|
|
|
|
