US short-dated yields head south
28.08.2025 Daily blogThe dollar failed to sustain early gains yesterday as some firming of Fed rate cut expectations and a decline in US bond yields weighed on the currency. Hence the euro and sterling are back trading at around $1.1640 and $1.35 respectively this morning, well off yesterday’s lows of circa $1.1575 and $1.3415. EURGBP is little […]
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Weekly Round Up
EU/US trade statement provides some clarity for Ireland
Last week’s EU/US statement on the trade deal agreed in July provided a little more clarity, but left many questions unanswered. Crucially for Ireland, US pharmaceutical tariffs remain at zero, with the US accepting the 15% ‘all-inclusive’ rate on EU exports will apply as a ceiling, if tariffs are imposed following the current Department of […]
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Global Watch
Global Watch May 2025
The new US administration’s trade policy has resulted in heightened uncertainty and declining consumer and business sentiment, while also denting investor confidence in US assets. Increased tariffs will result in lower growth and higher inflation in the US, and will dampen growth in the Euro area and UK economies. The Fed is likely to stay […]
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Ireland Outlook
Ireland Outlook – July 2025
New Ireland Economic Forecasts Our new forecast is for 8.1% GDP growth in 2025, slowing to 3.2% in 2026. These upward revisions reflect the surge in exports and multinational output over the past 12-months, but also buoyant consumer and public spending. Our forecast for modified domestic demand has been revised up slightly to 2.9% growth […]
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Ireland Infographic
Ireland Infographic – July 2025
We expect GDP will expand by 8.1% in 2025 and by 3.2% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic July 2025
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UK Outlook
UK Outlook – July 2025
Growth outlook broadly unchanged Our forecasts are largely unchanged compared to our last Outlook in May amidst ongoing global trade uncertainty. We expect moderate slightly below trend GDP growth of 1.1% this year (a minor tweak from our prior forecast of 1.0%) and 1.3% next year (unchanged). Unemployment is set to continue edging upwards to […]
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UK Infographic
UK Infographic – July 2025
We expect UK GDP will increase by 1.1% in 2025 and 1.3% in 2026. Download the UK Infographic in full here: Bank of Ireland UK Infographic July 2025