Economic Research Unit

The Economic Research Unit (ERU) provides commentary and analysis on economic and market events in Ireland, the UK, the Euro Area and US.

In addition to a daily blog, the ERU team provides weekly and monthly updates on the major economies, as well as regular reports on the Irish economy.  Our latest publications are available for download here.

If you would like to get in touch, you can contact the team on

Sterling on the back foot

18.10.2017 Daily blog

Sterling was on the back foot yesterday falling to just over 89p versus the euro and $1.32 against the dollar following MPC members testimony to the Treasury Committee. The euro also fell back against the dollar to mid-$1.17 Bank of England MPC members gave some conflicting signals on their views for the future path of monetary policy at […]

Read more
  • Ireland Newsflash – September 2017


    Continued employment growth; Employment up 2.4% y-o-y in Q2; Unemployment falls to 6.2%, Labour force growth of 0.1% y-o-y. Download the newsflash in full here: BOI_IRELAND_NEWSFLASH_SEPTEMBER_2017

  • UK Outlook – July 2017


    Softer growth materialising: GDP to grow by 1.6% in 2017; Consumer spending to slow to 1.7%; Unemployment rate to average 4.6%; Inflation to rise to 2.8%. Download the UK Outlook in full here: BOI_UK_OUTLOOK_JULY_2017

  • Ireland Outlook – July 2017


    The Irish Economy: The economic outlook remains positive, albeit with some clouds on the horizon.

  • Weekly Round Up 13.10.2017


    This week’s highlights: Eur/$ rises to over $1.18; Sterling firmer; US CPI inflation at 2.2% in September; US retail sales up 1.6% in September. Read the full Weekly Round Up below: Weekly Round Up 13 October 2017

  • The Bulletin September 2017


    Sterling and the dollar have recovered ground against the euro over the past month, strengthening to 88p and $1.17 respectively from recent lows of circa 93p and $1.21. Supporting both has been the prospect of a near-term increase in UK and US interest rates. The biggest surprise in this regard, perhaps, has come from the […]

  • Emerging Markets Update – September 2017


    OECD sees improving growth n EMEs: Activity in China eases in Q3; OECD lowers forecasts for India; Russian inflation slows further; Brazilian central bank cuts rates. Download the Update in full here: Emerging Market Update September 2017

Meet the team



Dr. Loretta O’Sullivan

Group Chief Economist
Bank of Ireland

+353 (0) 766 244 267

Michael Crowley, Senior Economist
+353 (0) 766 244 268

Patrick Mullane, Senior Economist
+353 (0) 766 244 269

Conn Creedon, Senior Economist
+353 (0) 766 235 134

Andrew Hopkins, Economist
+353 (0) 766 248 246