Inflation data in the US today
12.08.2026 Daily blogThe main currency pairs remain confined to very tight ranges, ahead of important CPI inflation data (July) in the US later today. The euro and sterling are trading at around $1.1540 and $1.35 against the dollar respectively this morning, while EURGBP is hovering just below £0.8550. With the chances of a 25bps interest rate increase […]
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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