Dear Reader,

 

Today's overview of economic news and market action

  • Investor sentiment was holding a mixed tone yesterday, amid a relatively quiet day on markets …
  • On the currency front, the main pairs continued to operate within quite narrow ranges …
  • Of the limited price action to note, there was a marginally firmer tone to sterling …
  • This is evidenced by EUR/GBP opening today down nearer to the 83p threshold …
  • GBP/USD is changing hands up above the $1.30 handle also …
  • At the same time, EUR/USD is operating north of the $1.08 mark …
  • Today, the main focus will be on the UK Budget …
  • Data-wise, the first readings of GDP for Q3 in the Eurozone and US are due …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2023
EUR/USD 1.0818   0.06 -1.98
EUR/GBP 0.8317   -0.25 -4.05
GBP/USD 1.3008   0.35 2.19
GBP/EUR 1.2022   0.25 4.22
*versus Previous Day's European Open

All rates quoted are indicative market rates.
 
More Economic News
 
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