Dear Reader,

 

Today's economic news and market action:

  • Mixed mood on markets yesterday …
  • The dollar was holding a somewhat firmer tone …
  • However, overnight, the dollar handed back its gains …
  • EUR/USD opens in the lower half of $1.07-1.08 …
  • GBP/USD is at the midpoint of $1.20-1.21 ….
  • EUR/GBP is at the 89p handle …
  • Comments from a number of Fed speakers will garner attention today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0737   -0.01 0.33
EUR/GBP 0.8901   -0.12 0.64
GBP/USD 1.2057   0.07 -0.33
GBP/EUR 1.1225   0.12 -0.64
*versus Previous Day's European Open

 
 
 
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Economist's Weekly Market View - Recession Fears Abating
 

The title of the International Monetary Fund’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.  For advanced economies, CPI rates are seen falling from an average 7.3% in 2022 to 4.6% in 2023 and to 2.6% in 2024. 
 
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Weekly Market Brief: 6 - 10 February
 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.
 
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AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...
 
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