• Weekly Round Up

    Economics Weekly July 12th

    This week’s MyHome report showed asking price inflation accelerating to 7.3% in Q2 2024, the fastest pace in two years. Furthermore,  residential transactions in June were being settled at 6% above the original asking price – indicative of intense competition amongst homebuyers. The fresh momentum in Irish house prices is being driven by the resilient […]

  • Weekly Round Up

    Economics Weekly July 5th

    This week we published our new forecasts for the Irish economy. We revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025, but reflecting well understood measurement distortions relating to the multinationals. In contrast, most indicators suggest the Irish economy expanded at […]

  • Ireland Infographic

    Ireland Infographic – July 2024

    Irish economy to grow at healthy pace in 2024 Download the Ireland infographic here: Bank of Ireland Ireland Infographic July 2024

  • Ireland Outlook

    Ireland Outlook – July 2024

    We have revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025 (from 4.0%). This downward revision reflects the multinational sector, where output continued to contract in early 2024 due to measurement distortions related to ‘contract manufacturing’. In contrast, indicators suggests the […]

  • Daily blog

    Euro up slightly in early trading following French election

    The Euro is up a bit over 0.5% to 1.0770 versus the Dollar in this mornings trading. Sterling is also up slightly versus the Dollar, to about 1.2680, leaving the euro up about 0.3% against sterling to £0.849. The dollar versus Yen rate, the focus of much market attention of late was broadly unchanged since […]

  • Daily blog

    Steady trading in FX and bond markets

    The euro is not much changed versus the dollar over the past 24 hours, up very slightly to $1.070 from $1.068, still in the fairly tight range it has traded in for a couple of weeks. The first US presidential debate between President Biden and former President Tump was held overnight, but didn’t produce anything […]

  • 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 […]

  • Daily blog

    Euro in narrow range

    The recent ups and downs for the euro continued yesterday. The single currency was under pressure following the European elections two weeks ago that saw it drop from $1.09 to $1.07 to the dollar over the course of a week. In the 8 or so trading days since then, while it has come under pressure […]

  • Weekly Round Up

    This weeks highlights: –Euro down slightly versus the dollar –BoE surprises market with a 50bp hike –UK inflation higher than expected –Fed Chair Powell hawkish in Testimony Read in Full Weekly Round Up June 23rd

  • Daily blog

    Bank of England hikes rates more than expected

    The euro has fallen back against the dollar over the past 24 hours, down roughly 0.5% to trade around $1.0925. The single currency is broadly unchanged against sterling at just under £0.86. Sterling is down a bit against the dollar, trading at close to $1.27. Despite the Bank of England move (see below), UK 10 […]