Good Morning ,

 

Today's overview of economic news and market action:

 

  • US & Iranian officials continued to provide mixed signals regarding the war yesterday …
  • At the same time, the conflict continued and the Strait of Hormuz remained largely closed …
  • This saw oil prices spike above $118 per barrel, albeit equity markets moved higher …
  • Overnight, de-escalatory remarks from US & Iranian officials have support risk appetite …
  • On the currency front, the dollar has been under pressure …
  • Meanwhile, the euro has been holding a firmer tone …
  • This sees EUR/USD open in the top half of $1.15-1.16. EUR/GBP is above 87p …
  • Today, investors will be trying to assess if the war is actually de-escalating or not …
 
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New Episode: Risks, Resilience and the Road Ahead in the Agriculture & Food Manufacturing sector
Listen to AIB's Market Talk Podcast for the latest market insights
 
 

Join Jane Kavanagh from AIB’s Corporate Treasury desk, AIB Chief Economist David McNamara, Donal Whelton, Head of Agriculture & Food Manufacturing with AIB Business Banking, and Patrick Higgins, Head of Consumer Research, Food & Beverage at Goodbody, for this edition of AIB Market Talk focusing on Ireland’s agriculture and food manufacturing sector.
 
Listen here
 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.1565   0.85 -1.53
EUR/GBP 0.8728   0.46 0.15
GBP/USD 1.3248   0.40 -1.67
GBP/EUR 1.1451   -0.46 -0.15
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 
 
View Rates