Dear Reader,

 

Today's overview of economic news and market action:

  • Mixed tone to sentiment yesterday …
  • Currency-wise, the dollar was holding a firmer tone …
  • Sterling was on the defensive also …
  • Sees EUR/USD open this morning just below $1.09 …
  • GBP/USD is operating down in the lower half of $1.26-1.27 …
  • EUR/GBP is changing hands in the 86-87p range …
  • Busy data schedule ahead on both sides of the Atlantic …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0895   -0.48 1.80
EUR/GBP 0.8628   0.30 -2.44
GBP/USD 1.2627   -0.77 4.38
GBP/EUR 1.1585   -0.30 2.50
*versus Previous Day's European Open

 
 
 
Weekly Market Brief: 26-30 June
 

Higher and Higher

 

Inflation remains a key aspect of the discourse on the global economic outlook and the trajectory of interest rates.
 
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Bank of England Watch - June 2023
 

BoE hikes by 50bps to 5% and retains bias to do more

 

The June meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank announce a 50bps rate increase. 
 
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Irish Economy Watch - June 2023
 

PMI declined to 47.5 in May, indicating a further softening in business conditions. New orders, and output fell. Meantime, there was a further notable easing in inflation
 
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