Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- There was a risk averse tone to investor sentiment yesterday …
- US CPI inflation was in line with the consensus, with the headline rate growing to 4.2% from 3.8% …
- However, this release had negligible impact on financial markets yesterday …
- Currency-wise, the main pairs continued to change hands within very narrow trading ranges …
- EUR/USD opens this morning at the midpoint of $1.15-1.16 …
- GBP/USD remains in the top half of the $1.33-1.34 corridor …
- EUR/GBP operates in the lower half of the 86-87p range …
- Turning to today, the main focus will be on the ECB policy decision, with updated macroeconomic projections and an expected rate hike of 25bps …
- The data calendar is quite sparse elsewhere, as US PPI inflation (May) is released, with focus remaining on Middle Eastern developments …
AIB Market Talk - The Irish Economic Outlook: Resilience in Uncertain Times
- Ireland's outlook for 2026
- Geopolitical risks and energy pressures
- Inflation, growth and consumer behaviour
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1541 |
|
-0.03 |
-1.74 |
| EUR/GBP |
0.8626 |
|
-0.02 |
-1.02 |
| GBP/USD |
1.3376 |
|
-0.03 |
-0.72 |
| GBP/EUR |
1.1588 |
|
0.02 |
1.03 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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