Main currency pairs not much changed
17.01.2025 Daily blogThe euro and sterling have been essentially moving sideways against the dollar since bouncing off their lows earlier in the week. The single currency is trading at around $1.0290 this morning, little changed from yesterday morning, while the pound has slipped to around $1.2190 (from over $1.22) on the back of weaker than expected UK […]
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Weekly Round Up
Rapid pace of Irish job creation sustained into Q4 2024
This morning’s CSO release showing employee numbers up 0.2% in November, or by 2.4% on the year, to a fresh high of 2.5 million is welcome news. Ireland’s rapid pace of job creation has continued into Q4. Even if December is flat, employee numbers look set to have risen by at least 0.7% in Q4 […]
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Global Watch
Global Watch January 2025
The Fed and ECB both lowered interest rates by 100bps over the second half of 2024 to 3.0% and 4.25%-4.5% respectively. However, while increased concern about the Euro area growth outlook means the ECB seems set to cut the deposit rate by another 100bps this year, the continuing resilience of the US economy as well […]
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Ireland Outlook
Ireland Outlook – September 2024
New Irish Economic Forecasts Once again, erratic and volatile national accounts data for Q2 2024, have led us to revise down our forecasts for the growth of both GDP (-1%) and modified domestic demand (2.3%), but tell us little on the health of the economy. In contrast, the recent rapid pace of job creation means […]
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Ireland Infographic
Ireland Infographic – September 2024
We expect GDP will contract by 1% in 2024, rebounding to 3.5% growth in 2025 and 4% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic September 2024
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UK Outlook
UK Outlook – September 2024
Improved short term outlook, longer term challenges remain We have revised up our GDP forecast for this year to 1.1%, from 0.7% previously, on foot of the robust rebound in activity in the first half of the year. Our forecasts for 2025 and 2026 are unchanged at 1.4% and 1.6%, broadly in line with the […]
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UK Infographic
UK Infographic – September 2024
We expect UK GDP will increase by 1.1% in 2024, rising to 1.4% growth in 2025 and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic September 2024