Dear Reader,
Today's overview of economic news and market action
- Investor sentiment was holding a positive tone on both sides of the Atlantic yesterday …
- Bond yields fell across the board, most notably in the UK …
- Larger decline in UK Gilt yields compared to elsewhere weighed on sterling …
- UK GDP data released this morning has coincided with some additional downward pressure on sterling …
- EUR/GBP is at the midpoint of 85-86p …
- GBP/USD is near the halfway mark of $1.25-1.26 …
- EUR/USD is in the lower half of $1.07-1.08 …
- US retail sales and industrial production (both Jan) due later today …
Continue Reading
|
|
|
|
Today's Opening FX Rates
| |
|
% Change |
| |
|
|
Day* |
End 2022 |
| EUR/USD |
1.0739 |
|
0.25 |
-2.69 |
| EUR/GBP |
0.8551 |
|
0.61 |
-1.35 |
| GBP/USD |
1.2555 |
|
-0.37 |
-1.37 |
| GBP/EUR |
1.1689 |
|
-0.61 |
1.37 |
| *versus Previous Day's European Open |
|
|
|
|
|
|
Weekly Market View - 13 February
US fiscal credibility facing scrutiny as election season nears
Demand was strong, resulting in a bid-to-cover ratio of 2.56 and a yield of 4.093%. However, this auction, along with newly published long-term fiscal forecasts, highlights the sustainability of the federal deficit in the long run as we enter the Presidential election season.
Read More
|
| |
|
AIB Ireland Services PMI® - January 2024
Service sector growth slows to near-three year low
The first batch of AIB PMI® survey data for 2024 signalled a loss of momentum in Irish service sector activity, albeit still extending the current growth sequence that began in March 2021. Rates of expansion in total activity and new business both slowed on the month, with the former rising at the weakest pace in the current upturn.
Read More
|
| |
|
ECB Watch - January 2024
ECB on hold for third straight meeting
The first policy setting meeting of the ECB’s Governing Council for 2024 saw the Central Bank maintain its key deposit rate at 4%.
Read More
|
|
|
|
|
|
