Dear Reader,

 

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

  • Cautious mood to start the week on markets …
  • Bond yields rise across the board, most notably in the US …
  • Dollar holding a somewhat firmer tone …
  • Sees EUR/USD open in the bottom half of $1.09-1.10 …
  • GBP/USD is just below the $1.24 mark …
  • EUR/GBP is changing hands in the lower half of 88-89p …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0938   -0.42 2.21
EUR/GBP 0.8822   -0.29 -0.25
GBP/USD 1.2397   -0.10 2.48
GBP/EUR 1.133   0.29 0.25
*versus Previous Day's European Open

 

 
 
Weekly Market View
 

A Cautionary Tale

 

The latest quarterly update from the IMF on the outlook for the world economy published last week saw little change to its forecasts from those issued in January and last October.

 
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Weekly Market Brief: 17-21 April
 

Storm Clouds Gathering

  • The latest quarterly update from the IMF on the outlook for the world economy published last Tuesday saw little change to its forecasts from those issued in January and last October.
 
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Forex and Interest Rate Outlook - March 2023
 
  • Economic data have generally surprised to the upside in first quarter, helped by easing inflation. However, possible credit crunch and tighter lending standards new risk to activity
 
Read More