Dear Reader,

 

Today's overview of economic news and market action: 

  • There was a lot for markets to digest last week, which led to volatile trading conditions …
  • Overall, there was a cautious tone to investor sentiment …
  • Currency-wise, the dollar was underpinned by US tariff related newsflow …
  • This sees EUR/USD open today back near $1.04 …
  • EUR/GBP is in the top half of the 82-83p band …
  • This week, the ECB is expected to cut rates by 25bps once again …
  • Eurozone flash HICP inflation and the US labour market report (both Feb) are due …
  • Meantime, tariff newsflow and geopolitics will also remain front and centre …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0412   0.23 0.57
EUR/GBP 0.8263   0.13 -0.12
GBP/USD 1.2599   0.13 0.70
GBP/EUR 1.2099   -0.13 0.12
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Irish Economy Watch - February 2025
 
  • Manufacturing PMI rose to 51.3 in January, indicating a first monthly expansion since October
  • The services PMI fell to 53.4 in January, consistent with a slower pace of expansion
  • Retail sales were 0.4% lower YoY in December
  • Housing commencements 12 month running total at 60.6k in January
 
Read More