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Dear Reader,

 

Today's overview of economic news and market action:

  • Positive tone to investor sentiment last week … 
  • Currency-wise, the main pairs remained range bound …
  • As trading gets underway this morning, EUR/USD is at the $1.09 threshold …
  • EUR/GBP is changing hands just below the 86p mark …
  • GBP/USD is near the $1.27 handle …
  • May be a quiet start to the week, with a sparse calendar today and a US holiday tomorrow …
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0903   0.32 1.88
EUR/GBP 0.859   -0.22 -2.87
GBP/USD 1.2693   0.56 4.93
GBP/EUR 1.1637   0.22 2.96
*versus Previous Day's European Open

 
 
 
 
Weekly Market Brief: 3 - 7 July
 
 

Long and Bumpy Road Ahead

 

 Looking back over the first six months of 2023, many of the key advanced economies have performed better than anticipated.
 
 
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. 
 
 
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