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Dear Reader,

 

Today's overview of economic news and market action:

  • Subdued mood on markets yesterday …
  • Currency-wise, the main pairs remained range bound …
  • Of the limited moves to register, the euro was slightly weaker …
  • Sees EUR/USD edge further back from the $1.09 threshold .. 
  • EUR/GBP is changing hands down closer to 86p … 
  • GBP/USD is operating in the lower half of $1.26-1.27 …
  • US PCE inflation (May) and Eurozone flash HICP Inflation (June) due today …
 
Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0865   -0.18 1.52
EUR/GBP 0.861   -0.15 -2.65
GBP/USD 1.2615   -0.02 4.28
GBP/EUR 1.161   0.15 2.72
*versus Previous Day's European Open

 
 
 
 
Weekly Market Brief: 26-30 June
 
 

Higher and Higher

 

Inflation remains a key aspect of the discourse on the global economic outlook and the trajectory of interest rates.
 
 
Bank of England Watch - June 2023
 
 

BoE hikes by 50bps to 5% and retains bias to do more

 

The June meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank announce a 50bps rate increase. 
 
 
Irish Economy Watch - June 2023
 
 

PMI declined to 47.5 in May, indicating a further softening in business conditions. New orders, and output fell. Meantime, there was a further notable easing in inflation