Dollar slightly firmer
13.08.2026 Daily blogYesterday’s inflation data in the US were relatively benign and in line with the consensus forecast, prompting a modest paring back of Fed rate expectations with the chances of a hike at next month’s meeting now seen at around 35% (from circa 50/50 before the data). The dollar weakened initially after the release of the […]
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Weekly Round Up
Electric car sales rising but still behind longer term targets
This morning’s CSO data showed that new electric car (EV) sales in July were 7,216, up 82% when compared to July 2025. For the January to July period, sales of EVs were up 57% over the same period last year. The rise in fuel prices and continued Government incentives such as the ICE2EV scrappage scheme, […]
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Global Watch
Global Watch April 2026
The conflict in the Middle East has triggered a sharp rise in energy prices. Inflation will be higher and economic growth lower as a result, though to what extent will ultimately depend on how long energy supplies through the Strait of Hormuz remain disrupted. While this leaves central banks facing a difficult balancing act, the […]
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Ireland Outlook
Ireland Outlook – July 2026
New Irish Economic Forecasts We expect a contraction in GDP (-3%) in 2026 due to the surge in pharmaceutical exports last year, driven by fears of US tariffs, which has now unwound. Modified domestic demand is forecast to grow by 3.5% in 2026 and 2.5% in 2027, revised slightly upwards. Our lower forecast for CPI […]
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Ireland Infographic
Ireland Infographic – July 2026
We expect GDP will contract by 3.0% in 2026 before rebounding by 3.6% in 2027. We expect the domestic economy to expand in both years, with modified domestic demand increasing by 3.5% this year and 2.5% next year. View the Ireland Infographic Here: Bank of Ireland Ireland Infographic July 2026
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UK Outlook
UK Outlook – July 2026
New Prime Minister, Similar Outlook We have kept our outlook unchanged for the most part, with a few slight tweaks. The economy continues to face a number of headwinds, including ongoing geopolitical tensions and high/volatile global energy prices. We expect below trend GDP growth of 0.9% this year and 1.1% next year (both upgraded by […]
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UK Infographic
UK Infographic – July 2026
We expect that UK GDP will grow by 0.9% in 2026 and 1.1% in 2027. Download the UK Infographic in Full Here: Bank of Ireland UK Infographic July 2026