Dear Reader,

 

Today's economic news and market action:

  • Mixed tone to investor sentiment yesterday ...
  • Currency-wise, the majors traded in very narrow ranges ...
  • Reflected in the main pairs opening at very similar levels to 24hrs ago ...
  • EUR/USD remains in and around the midpoint of $1.07-1.08 ...
  • EUR/GBP has maintained its position above 88p ... 
  • GBP/USD is operating above the halfway mark of $1.21-1.22 ...
  • Data schedule is very light again on both sides of the Atlantic ...
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0752   0.10 0.47
EUR/GBP 0.8832   0.12 -0.14
GBP/USD 1.217   -0.03 0.60
GBP/EUR 1.1316   -0.12 0.14
*versus Previous Day's European Open

 
 
 
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AIB Economist's Weekly Market View - 10 January 2023
 

After decades of price stability, the return of inflation was one of the big stories of 2022. CPI rates hit forty year highs, reaching double-digit levels in many countries, resulting in a marked tightening of monetary policy and a sharp slowdown in economic activity.
 
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Historic Rates for 2022
 

Historic FX and interest rates for 2022
 
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