Dear Reader,

 

Today's overview of economic news and market action:

 

    • Mixed mood on markets yesterday …
    • Futures contracts hardened by 10-15bps across the board …
    • Currency-wise, the main pairs were confined to relatively tight ranges …
    • EUR/USD opens today in the bottom half of $1.09-1.10 …
    • GBP/USD is between $1.26-1.27 …
    • EUR/GBP remains in the lower half of 86-87p …
    • EZ flash HICP and US labour market report (both Dec) due today ….
 
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Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0927   0.02 -0.99
EUR/GBP 0.8616   -0.12 -0.60
GBP/USD 1.2677   0.11 -0.41
GBP/EUR 1.16   0.12 0.60
*versus Previous Day's European Open
 
AIB Ireland Services PMI® - December 2023
 

 

Service sector expansion sustained in December as business outlook for 2024 improves

 

The December AIB PMI® survey data signalled a further rise in service sector activity, extending the current growth sequence that began March 2021.
 
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AIB Ireland Manufacturing PMI® - December 2023
 

Renewed downturn in manufacturing order books, but business optimism improves slightly

 

The AIB Ireland Manufacturing PMI® pointed to worsening business conditions as 2023 drew to a close, representing a setback after the stabilisation seen during November.
 
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Historic Rates for 2023
 
 
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Weekly Market Brief: 25 December - 5 January
 

Click below to read the Weekly Market Brief for the holiday period ahead. Please note, the next AIB Weekly Market Brief & Economic Diary will be published on January 5th 2024.
 
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