Dear Reader,

 

Today's overview of economic news and market action:

 

    • Mixed tone to investor sentiment yesterday …
    • Currency-wise, the main FX pairs were range bound …
    • Sterling has weakened in early trading today on October GDP miss …
    • Sees EUR/GBP up above the 86p threshold …
    • GBP/USD is down in the lower half of $1.25-1.26 …
    • EUR/USD remains in the top half of $1.07-1.08 …
    • Later today, the focus will be on the Fed policy announcement …
 
Continue Reading
 
Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0781   0.12 0.74
EUR/GBP 0.8605   0.49 -2.70
GBP/USD 1.2525   -0.40 3.54
GBP/EUR 1.1616   -0.49 2.78
*versus Previous Day's European Open
 
Irish Housing Market Bulletin - December
 

Supply maintains momentum, prices recover after weak start

 

The main focus of the Irish residential property market over the last number of years has been supply, or more specifically the lack of adequate supply.
 
Read More
 
 
 
Forex and Interest Rate Outlook - December
 

World economy has lost momentum during 2023. Even the US economy may be starting to slow after a strong performance year-to-date. Subdued growth expected again in 2024.
 
Read More
 
 
 
AIB Ireland Manufacturing PMI® - November 2023
 

Latest survey data from the AIB Ireland Manufacturing PMI® highlighted a stabilisation in overall business conditions, following modest downturns in September and October.
 
Read More
 
AIB Ireland Services PMI® - November 2023
 

Service sector expansion accelerates in November

 

Rates of expansion in total activity and new business both accelerated on the month for the first time since April, with a notable rebound in the Transport, Tourism & Leisure sector.
 
Read More
 
Weekly Market Brief: 11 - 15 December
 

Great Expectations

 

Markets have been on fire since late October, with equities marching higher and bond yields tumbling, as investors bet on rapid rate cuts in 2024. 
 
Read More