Sharp jump in US bond yields
22.05.2025 Daily blogWith concerns about the country’s fiscal position remaining to the fore, the sell-off in US government bonds accelerated yesterday, while US equity markets ended well down on the day. However, having slipped against the euro and sterling early in yesterday’s session, the dollar remained in relatively tight ranges thereafter. It is trading at $1.1320 and $1.3420 […]
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Weekly Round Up
Still expecting dollar to depreciate over the medium-term
US financial markets have seen a remarkable rebound in May, as signs of progress in trade negotiations and a more conciliatory approach from the White House has emerged. The dollar has appreciated to $1.12 against the euro, vs a $1.15 peak in April. However, the Trump administration’s 10% baseline tariffs, and 30% on China, remain […]
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Global Watch
Global Watch May 2025
The new US administration’s trade policy has resulted in heightened uncertainty and declining consumer and business sentiment, while also denting investor confidence in US assets. Increased tariffs will result in lower growth and higher inflation in the US, and will dampen growth in the Euro area and UK economies. The Fed is likely to stay […]
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Ireland Outlook
Ireland Outlook – May 2025
New Ireland Economic Forecasts We have revised down our forecasts for Irish GDP growth to 3.5% in 2025 and 3.7% in 2026. This forecast entails softer, but still robust growth, due to the negative impact of uncertainty on consumer and investment spending. Also, the 10% baseline tariffs that now apply to 2-3% of Irish trade […]
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Ireland Infographic
Ireland Infographic – May 2025
We expect GDP will expand by 3.5% in 2025 and by 3.7% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic May 2025
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UK Outlook
UK Outlook – May 2025
Outlook deteriorates amid tariff uncertainty Since our last projections in January the global outlook has unfortunately deteriorated, due in the main to the trade policies of the Trump administration. With uncertainty high we have decided to reduce our 2025 and 2026 growth forecasts by 0.2% and 0.3% respectively, to 1.0% and 1.3%. Unemployment, which has […]
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UK Infographic
UK Infographic – May 2025
We expect UK GDP will increase by 1.0% in 2025 and 1.3% in 2026. Download the UK Infographic in full here: Bank of Ireland UK Infographic May 2025