Dollar on the front foot again
02.07.2024 Daily blogHaving gained some ground against the dollar and sterling at the open yesterday, following Sunday’s first-round election results in France, the euro has since fallen back to around $1.0720 against the US currency – which was on the front foot generally despite softer than expected economic data – but remains higher against the pound hovering […]
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Weekly Round Up
Ireland is the most expensive country in the Euro Area
Recent data published by Eurostat showed that Ireland’s price level for consumer goods and services had risen to 42% higher than the EU average last year, and was the second most expensive in the entire EU, just behind Denmark (43%) and the highest in the Euro Area. While the most recent data shows that inflation […]
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Global Watch
Global Watch May 2024
The general expectation at the start of 2024 was that the Fed would be in the early stages of easing monetary policy by this stage of the year. However relatively large monthly increases in US consumer prices over the January-March period has dented the Fed’s confidence that inflation is on a path back to 2%, […]
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Ireland Outlook
Ireland Outlook – February 2024
Domestic economy growing despite headline GDP fall Read the Ireland Outlook in full here: Bank of Ireland Ireland Outlook February 2024
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Ireland Infographic
Ireland Infographic – February 2024
Irish GDP forecast to increase by 1.5% this year and by 4.0% next year. Download the Ireland infographic here: Bank of Ireland Ireland Infographic February 2024
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UK Outlook
UK Outlook June 2024
We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]
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UK Infographic
UK Infographic – June 2024
GDP forecast to grow by 0.8% this year and by 1.4% in 2025 Download the UK infographic here: Bank of Ireland UK Infographic June 2024