Dear Reader,

 

Today's economic news and market action:

  • Markets were sensitive to key data releases last week
  • Reflected in a further hardening in rate hike expectations
  • Meanwhile, risk appetite waned amid prospect of interest rates ‘higher for longer’
  • Currency-wise, the dollar was in the ascendancy
  • EUR/USD opens this morning below $1.06
  • EUR/GBP remains down near 88p
  • This week’s macro highlights include EZ inflation, ECB minutes and US ISMs
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0549   -0.45 -1.43
EUR/GBP 0.8823   0.10 -0.24
GBP/USD 1.1953   -0.58 -1.19
GBP/EUR 1.133   -0.10 0.24
*versus Previous Day's European Open

 
 
 
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Weekly Market Brief: 27 Feb - 3 Mar
 
 

Keep on Rocking in the Rate World

The shift by central banks to smaller rate hikes is not a signal that monetary tightening is about an end.
 
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AIB Market Talk Podcast
 

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
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Economist's Weekly Market View - Lagging Behind
 

The UK economy has become a marked underperformer, a record that stretches back to the start of the pandemic in 2020 and Brexit. UK GDP fell by a whopping 11% that year, compared to much smaller declines of 6.3% for the Eurozone and 2.8% in the US. It was hoped that this gap would be closed by a much stronger rebound by the UK economy in 2021-2022.
 
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