Dear Reader,
Today's overview of economic news and market action
- There was a busy macro calendar yesterday …
- In the UK, the Autumn Budget coincide with some volatility for Gilts …
- Meanwhile, Eurozone GDP printed ahead of the consensus, rising by 0.3% in Q3 …
- US GDP rose by 2.8% annualised in Q3 (vs. +3.0% f’cast) …
- Against this backdrop, the euro was on the front-foot yesterday …
- This sees EUR/USD open in the top half of $1.08-1.09 …
- EUR/GBP is operating above the midpoint of 83-84p …
- Today, updates on inflation in the Eurozone and US are due …
Continue Reading
|
|
|
|
Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2023 |
| EUR/USD |
1.0858 |
|
0.40 |
-1.61 |
| EUR/GBP |
0.8363 |
|
0.53 |
-3.52 |
| GBP/USD |
1.2981 |
|
-0.15 |
1.98 |
| GBP/EUR |
1.1954 |
|
-0.53 |
3.65 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
|
|
|
|
AIB Economic Outlook - October 2024
Growth in Ireland’s key trading partners uneven, geopolitical risks to the fore. Irish economy expected to grow at a moderate pace in the coming years. Households remain cautious in spending patterns. US dollar dominance tested by macro trends.
Read More
|
|
|
ECB Watch - October 2024
The October meeting of the ECB’s Governing Council saw the central bank cut interest rates for a third time this year. It reduced rates by 25bps, with the Deposit rate lowered to 3.25%, while the Re-fi rate was decreased to 3.40%. Today’s policy easing represents the first consecutive rate cuts from the ECB in 13 years, as it also lowered rates at its previous meeting in September.
Read More
|
|
|
|
|
|
|
