• Weekly Round Up

    Housing completions bounce back to 16-year high

    This morning’s CSO data show that there were 9,214 residential completions in Q2 2025, up 35% on the year. This brings completions to 32,717 over the past 12-months, the highest level since2009. The disappointing 30,200 out-turn in 2024 was primarily due to volatile, lumpy apartment completions figures, which bounced back in Q2. The bigger picture […]

  • UK Infographic

    UK Infographic – July 2025

    We expect UK GDP will increase by 1.1% in 2025 and 1.3% in 2026. Download the UK Infographic in full here: Bank of Ireland UK Infographic July 2025

  • UK Outlook

    UK Outlook – July 2025

    Growth outlook broadly unchanged Our forecasts are largely unchanged compared to our last Outlook in May amidst ongoing global trade uncertainty. We expect moderate slightly below trend GDP growth of 1.1% this year (a minor tweak from our prior forecast of 1.0%) and 1.3% next year (unchanged). Unemployment is set to continue edging upwards to […]

  • Weekly Round Up

    The Art of the Deal

    Time will soon start counting down to the August 1st self-imposed deadline for the EU & US to secure a trade deal. The stakes certainly seem high. Should the negotiations fail the US has threatened to impose 30% tariffs on Europe (10% currently), the EU preparing retaliatory measures hitting €94bn of goods imports and targeting […]

  • Ireland Infographic

    Ireland Infographic – July 2025

    We expect GDP will expand by 8.1% in 2025 and by 3.2% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic July 2025  

  • Ireland Outlook

    Ireland Outlook – July 2025

    New Ireland Economic Forecasts  Our new forecast is for 8.1% GDP growth in 2025, slowing to 3.2% in 2026. These upward revisions reflect the surge in exports and multinational output over the past 12-months, but also buoyant consumer and public spending. Our forecast for modified domestic demand has been revised up slightly to 2.9% growth […]

  • Weekly Round Up

    Spending on Bank of Ireland Credit/Debit cards up 5.7% in June

    The latest Bank of Ireland credit/debit card data show spending was up 5.7% in June, still well ahead of CPI inflation at 1.8%, indicating substantial real price adjusted gains for Irish households. Clearly, there has been little impact from any Trump-tariff related uncertainty and the recent dip in consumer confidence. Holiday related spending was up […]

  • Daily blog

    Oil and dollar rally somewhat following US strikes on Iran

    The euro was trading above $1.15 for much of Friday, on news – at that time – that the US might be delaying any direct attack on Iran. However, that proved to be a false flag as the US did strike at nuclear sites in Iran over the weekend. That saw the dollar open this week […]

  • Daily blog

    Market relief as Trump signals delay in Iran military decision

    The Bank of England kept rates on hold at the June MPC meeting, as expected, and sterling gained just a touch on the euro briefly but is back trading at 85.5p, where it was prior to the MPC announcement, with the single currency staying over the 85p level at all times, which it broke above […]

  • Weekly Round Up

    Euro-Dollar pushes through $1.15 on trade/deficit fears

    A key call in our May ‘Global Market Watch’ was that the dollar would depreciate to trade in a$1.15-$1.20 range against the euro by the final quarter of 2025. This week the exchange rate pushed into this range, earlier than expected, reflecting concerns on US tariffs, the Federal debt/deficit and the administration’s dollar policy. Specifically, […]