Dear Reader,

 

Here is an overview of today's economic news and market action:

  • Cautious mood on markets last week  …
  • Currency-wise, Trading conditions have been choppy …
  • EUR/USD opens this morning in the top half of $1.09-1.10 …
  • GBP/USD is operating just below $1.25 …
  • EUR/GBP is changing hands back below 88p …
  • Flash Eurozone HICP inflation the main highlight today …
  • Later in the week, the US Fed and ECB are both expected to raise rates by 25bps …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0989   -0.14 2.68
EUR/GBP 0.8793   0.32 -0.58
GBP/USD 1.2495   -0.49 3.29
GBP/EUR 1.1366   -0.32 0.58
*versus Previous Day's European Open

 
 
 
Weekly Market Brief: 01-05 May
 

Sweet Spot

 

There has been a stream of good news flow on the Irish economy in recent weeks culminating in an upgrade to its sovereign debt rating to Aa3 from A1 by Moody’s.
 
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Weekly Market View
 

Saving Grace

 

Despite the double shock of a sharp rise in inflation and much higher interest rates over the past year, as well as a marked slowdown in the global economy, the Irish economy continues to display considerable resilience.
 
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AIB Ireland Manufacturing PMI - April 2023
 

Irish manufacturing sector conditions weaken amid reports of muted customer demand
 
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