Author: Michael Crowley

Oil prices pop higher amid US-Iran attacks

Markets are under pressure at the start of play today amid continuing US-Iran hostilities over the weekend. The two sides are in dispute over whether the Strait of Hormuz is now effectively closed again, but in any case oil prices have popped higher with Brent crude up at about $79 per barrel this morning. In […]

Main currency pairs little changed

Markets had a positive session, notwithstanding renewed hostilities between the US and Iran, with bond yields lower and stocks advancing, though the main currency pairs remained in fairly narrow ranges.  EURUSD and GBPUSD are trading at around $1.1440 and $1.3425 respectively this morning, leaving them little changed really from yesterday’s morning’s levels. EURGBP is also […]

Dollar gives up ground

Donald Trump yesterday declared the US-Iran ceasefire “over” before a short time later saying renewed US attacks on Iran would end “very quickly”. The latter remarks have helped stall the rise in oil prices (for now anyway) and provide some reassurance for markets. In addition, the minutes of the Fed’s June meeting gave no indication […]

Oil prices head north

Iran’s attack on vessels transiting the Strait of Hormuz prompted a rise in oil prices, higher bond yields, lower stocks, and some firming of the dollar. The US last night announced that it had carried out strikes on targets in Iran in response (as well as revoking a temporary waiver allowing the sale of Iranian […]

Oil prices head north

Iran’s attack on vessels transiting the Strait of Hormuz prompted a rise in oil prices, higher bond yields, lower stocks, and some firming of the dollar. The US last night announced that it had carried out strikes on targets in Iran in response (as well as revoking a temporary waiver allowing the sale of Iranian […]

Oil prices head north

Iran’s attack on vessels transiting the Strait of Hormuz prompted a rise in oil prices, higher bond yields, lower stocks, and some firming of the dollar. The US last night announced that it had carried out strikes on targets in Iran in response (as well as revoking a temporary waiver allowing the sale of Iranian […]

Bank of Ireland MyHome report shows fresh momentum in house prices

This morning we have published the Bank of Ireland / MyHome report. Asking price inflation accelerated in Q2 2026, with the national median asking price rising 4.3% during the quarter to €395,000 and annual growth reaching 5.0%. This is somewhat surprising given anecdotal reports of slower house price growth, particularly in the capital. Dublin asking prices […]

Pound continues to nudge higher versus euro

The euro and sterling attempted to push higher against the dollar yesterday, getting up to highs of around $1.1450 and just over $1.34 respectively, but they haven’t been able to sustain their gains, not helped by reports of Iranian attacks on tankers in the Strait of Hormuz. They are trading at around $1.1430 and $1.3380 […]

Dollar lower on the week

The euro and sterling both regained some ground against the dollar last week, having fallen in each of the two previous weeks, gaining around half a cent and one and a half cents overall respectively. They have though retreated from their very best levels of the week reached immediately following last Thursday’s softer than forecast […]

Soft US jobs report weighs on dollar

The US economy added fewer jobs than expected in June according to yesterday’s employment report, prompting an easing of Fed rate hike expectations, a decline in short-dated US bond yields, and a fall in the dollar. The euro and sterling have both gained around a half a cent relative to yesterday morning’s levels, trading at […]