Sterling slightly firmer
21.05.2024 Daily blogThe main currency pairs are not a whole lot changed this morning. The euro has drifted a little lower against the dollar to trade at around $1.0860, while sterling is slightly firmer against both the dollar and the single currency at around $1.2720 and 85.4p respectively. It feels like tomorrow’s UK CPI inflation data, to […]
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Weekly Round Up
UK CPI inflation data this week could sway market view on rates
Currently market expectations are split on whether the Bank of England will cut rates from 5.25% at the June 20th policy meeting. However, this week’s UK CPI release should show inflation in April falling close to, or even slightly below, the Monetary Policy Committee’s (MPC) 2% target. Of course, this will reflect negative contributions from […]
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Global Watch
Global Watch – January 2024
Following a much sharper than expected decline in inflation over the latter part of 2023, the market expects the main central banks to begin lowering interest rates in the second quarter of this year. Download the Global Watch in full here: Bank of Ireland_Global Watch_January 2024
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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 – February 2024
With inflation set to decline further this year, economic activity is projected to pick up gradually driven by a recovery in consumer spending – with GDP growth of 0.4% for the year as a whole. Growth should strengthen further in 2025, to about 1.2% on an annual basis, while unemployment will remain relatively low this […]
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UK Infographic
UK Infographic – February 2024
GDP forecast to grow by 0.4% this year and by 1.2% in 2025 Download the UK infographic here: Bank of Ireland_UK Infographic_February 2024