Dear Reader,

Here is an overview of today's economic news and market action:

• Subdued mood on markets yesterday …
• Eurozone Q4 GDP revised lower to +0.0% …
• Chair Powell provided little new information to Congress …
• Main FX pairs were confined to narrow ranges …
• Sees EUR/USD open at the midpoint of $1.05-1.06 …
• GBP/USD is near the half way mark of $1.18-1.19 …
• EUR/GBP is just above 89p …
• Quiet data schedule ahead today …

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Good Inflation News in Short Supply

Recent inflation data have been disappointing, especially in regard to core measures...

Recent inflation data have been disappointing, especially in regard to core measures. It started in the US, with the latest data for core inflation, which excludes food and energy, posting unexpectedly large monthly increases of 0.6% and 0.4% for January and December, respectively, leaving the annual rate stuck around 4.7%.

Ireland's service sector gained some further growth momentum midway through the first quarter of the year with the latest AIB PMI® survey data marking exactly two consecutive years of monthly improvements in business activity, new business, and employment.

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