Author: Patrick Mullane

UK Infographic – June 2024

GDP forecast to grow by 0.8% this year and by 1.4% in 2025 Download the UK infographic here: Bank of Ireland UK Infographic June 2024

Ireland is the most expensive country in the Euro Area

Recent data published by Eurostat showed that Ireland’s price level for consumer goods and services had risen to 42% higher than the EU average last year, and was the second most expensive in the entire EU, just behind Denmark (43%) and the highest in the Euro Area. While the most recent data shows that inflation […]

Yen under pressure, down to 36 year low

The Euro came under pressure yesterday and dipped below $1.07 to the dollar. However, it’s holding up above the $1.0680 support level and continues to trade in a fairly narrow range that it has been in for almost the past two weeks. It’s a fairly similar situation against sterling, with the Euro continuing to trading […]

Euro on the front foot

The Euro reversed its losses from Friday yesterday with the single currency bouncing off below $1.07 back to around $1.0740. Once again, there was relatively little change against sterling, continuing to trade in a tight range around 84.6p. Sterling picked up against the dollar and is trading just below $1.27 this morning. Jitters about tech […]

Euro loses ground to dollar

The euro came under renewed pressure on Friday and lost a little ground to the dollar. Political uncertainty in the Euro Area, in particular the upcoming French elections, have pushed down on the single currency, which dropped below $1.07 for a time and is trading around that level this morning. With the French elections first […]

Bank of England keeps rates on hold but decision ‘finely balanced’

The Bank of England keep the bank rate unchanged, as expected, at 5.25% yesterday. However the minutes showed that for some members who voted to maintain the policy stance the decision was ‘finely balanced’ causing markets to price in a 50/50 chance of a rate cut at the next meeting in August. Sterling ticked up […]

Bank of England meeting today but no change expected

It was a quiet day on the data and news front yesterday and the single currency traded in a narrow range for most of the day, up towards $1.075 for a time but is back down to around $1.073 to the dollar this morning and remains around 85.5p to sterling. The UK currency did get […]

Irish house price inflation accelerates to 7.9% in April

Today’s news the Irish Residential Property Property Price Index (RPPI) rose by 0.4% in April, with the annual inflation rate accelerating to 7.9% confirms the housing market is heating up again. Still, this shouldn’t be a surprise given the lack of housing supply, but also that average earnings rose by 4.7% in the year to […]

Euro holding up as equities gain

The euro traded more or less sideways yesterday after ticking up on Monday. The single currency is at $1.074 to the dollar this morning and 84.3p to sterling. Despite some poor sentiment data in Germany yesterday, attitudes toward the Euro Area seems a bit more positive this week following the big drops last week and […]

Euro retakes a little ground

The euro lost some ground last week but kicked off this week making some small gains. There was little news – political or otherwise – in Europe yesterday and that helped the single currency to pick up to $1.073 to the dollar, from just under $1.07 at times on Friday. Against sterling, it ticked up […]