Dear Reader,

 

Today's overview of economic news and market action:

  • Generally muted start to the week on markets yesterday
  • Some disappointing macro newsflow from Germany
  • Currency-wise, main pairs were confined to tight ranges
  • EUR/USD tended to trade near to $1.09 threshold
  • EUR/GBP was operating in and around the midpoint of 85-86p
  • Busy US data schedule today includes durable goods and consumer confidence
  • ECB President Lagarde is due to speak
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0923   0.19 2.07
EUR/GBP 0.8573   0.12 -3.06
GBP/USD 1.2742   0.09 5.33
GBP/EUR 1.1661   -0.12 3.16
*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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