Dear Reader,

 

Today's economic news and market action:

  • Generally subdued market action yesterday
  • Quiet macro data diary was a contributing factor
  • Meanwhile, no surprises from FOMC minutes
  • Currency-wise, dollar is slightly firmer vs. EUR & GBP
  • EUR/USD opens in the lower half of $1.06-1.07
  • Meanwhile, EUR/GBP continues to trade near to 88p
  • Today’s macro highlights included second reading of US Q4 GDP
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0616   -0.38 -0.80
EUR/GBP 0.8798   -0.05 -0.52
GBP/USD 1.2062   -0.35 -0.29
GBP/EUR 1.1361   0.05 0.52
*versus Previous Day's European Open

 
 
 
Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
Watch Here
 
Forward Contracts Video Gif
 
AIB Market Talk Podcast
 
 

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
Listen & Subscribe
 
 
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”.
 
Read More
 
Economist's Weekly Market View - Lagging Behind
 

The UK economy has become a marked underperformer, a record that stretches back to the start of the pandemic in 2020 and Brexit. UK GDP fell by a whopping 11% that year, compared to much smaller declines of 6.3% for the Eurozone and 2.8% in the US. It was hoped that this gap would be closed by a much stronger rebound by the UK economy in 2021-2022.
 
Continue Reading
 
Subscribe to our Economic Analysis
 

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...
 
Subscribe