Dear Reader,

 

Today's overview of economic news and market action: 

  • There was a risk averse mood on markets yesterday, amid volatile trading conditions …
  • Overall, the Euro Stoxx 50 shed 2.8%, while the S&P 500 fell by 1.2% …
  • Plans for higher fiscal expenditure in Germany/EU & tariff newsflow impacted markets …
  • Against this backdrop, there were significant moves on currency markets …
  • The euro was firmly in the ascendancy, while the dollar was under pressure …
  • This saw EUR/USD register a fresh year-to-date high of $1.0664 …
  • Elsewhere, GBP/USD is operating up above the $1.28 threshold …
  • Meanwhile, EUR/GBP is changing hands back above 83p …
  • Geopolitics and tariff newsflow will likely continue to influence markets today ...
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0652   1.61 2.89
EUR/GBP 0.8316   0.74 0.52
GBP/USD 1.2804   0.87 2.34
GBP/EUR 1.2018   -0.73 -0.52
*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
 
 
 
AIB Ireland Services PMI - February
 

The AIB Ireland Services PMI® survey data for February indicated further subdued growth of the Irish services economy, with both new business and total activity increasing at the weakest rates in just over a year.
 
Read More