Good Morning ,

 

Today's overview of economic news and market action:

  • Risk appetite soured as yesterday progressed, amid concerns regarding US regional banks …
  • Meantime,  a number of Fed officials made dovish remarks yesterday …
  • Against this backdrop, the dollar has remained under pressure …
  • This sees EUR/USD open above $1.17 this morning …
  • GBP/USD is up at the midpoint of the $1.34-1.35 trading band …
  • EUR/GBP remains in and around the 87p mark …
  • USD/JPY is back below the ¥150 handle …
  • Today, the macro calendar is sparse once again …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1711   0.48 13.12
EUR/GBP 0.8703   0.18 5.20
GBP/USD 1.3452   0.30 7.52
GBP/EUR 1.1486   -0.18 -4.94
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
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More Economic News
 
Irish Economic Update - Budget 2026
 
 

The budget, the first of the current Government, contained a package of measures totalling €9.4bn. The Government is providing an additional €8.1bn in spending increases and €1.3bn in tax cuts for next year.
 
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