Dear Reader,

 

Today's overview of economic news and market action:

 

    • Risk appetite soured further yesterday …
    • Trading conditions were choppy on bond markets, amid some volatility in market rate expectations …
    • Currency-wise, the dollar was initially firmer before handing back most of its gains overnight …
    • Sees EUR/USD open this morning in the lower half of $1.09-1.10 …
    • EUR/GBP is operating back near the 86p threshold …
    • GBP/USD is in the top half of $1.26-1.27 …
    • Today, flash HICP inflation (Dec) for a number of Eurozone countries will be in focus …
 
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Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0932   -0.17 -0.94
EUR/GBP 0.8618   -0.58 -0.58
GBP/USD 1.2683   0.42 -0.36
GBP/EUR 1.1597   0.58 0.58
*versus Previous Day's European Open
 
AIB Ireland Services PMI® - December 2023
 

 

Service sector expansion sustained in December as business outlook for 2024 improves

 

The December AIB PMI® survey data signalled a further rise in service sector activity, extending the current growth sequence that began March 2021.
 
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AIB Ireland Manufacturing PMI® - December 2023
 

Renewed downturn in manufacturing order books, but business optimism improves slightly

 

The AIB Ireland Manufacturing PMI® pointed to worsening business conditions as 2023 drew to a close, representing a setback after the stabilisation seen during November.
 
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Historic Rates for 2023
 
 
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Weekly Market Brief: 25 December - 5 January
 

Click below to read the Weekly Market Brief for the holiday period ahead. Please note, the next AIB Weekly Market Brief & Economic Diary will be published on January 5th 2024.
 
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