Dear Reader,

 

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

  • Trading conditions remained very volatile yesterday …
  • Overall though, investor sentiment was somewhat more positive …
  • Market rate hike expectations hardened significantly …
  • Odds of a 50bps rate hike from the ECB have increased again …
  • Currency-wise, the euro was holding a firmer tone …
  • Sees EUR/USD open above $1.07 …
  • GBP/USD is at the midpoint of $1.21-1.22 …
  • EUR/GBP is in the lower half of 88-89p …
  • US retail sales & PPI inflation (Feb), as well as the UK Budget are due today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0731   0.23 0.27
EUR/GBP 0.8831   0.28 -0.15
GBP/USD 1.215   -0.06 0.44
GBP/EUR 1.1318   -0.28 0.15
*versus Previous Day's European Open

 
 
 
AIB Market Talk Podcast
 

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
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Economist's Weekly Market View - Watch Out for Speed Bumps
 
 

Last week’s Quarterly Bulletin from the Central Bank saw upgrades to its forecasts for the Irish economy. This was largely due to a better than expected global economic backdrop as well as downward revisions to projections for the path of inflation in 2023.
 
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Weekly Market Brief: 13 - 17 March
 

No Sham-Rock

  • The latest Quarterly Bulletin from the Central Bank saw upgrades to its forecasts for the Irish economy.
  • The Central Bank’s growth forecasts are somewhat more upbeat than the recently published projections from the European Commission
 
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February 2023 Services PMI Report
 

Ireland's service sector gained some further growth momentum midway through the first quarter of the year with the latest AIB PMI® survey data marking exactly two consecutive years of monthly improvements in business activity, new business, and employment.
 
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Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
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