• Weekly Round Up

    CSO projects Irish population of 5.6-5.8 million by 2030

    This week the CSO published updated population projections for Ireland. Population growth in the range of 0.8%-1.2% per annum is forecast out to 2030, or by 6%-9% cumulatively to 5.6 5.8million. In comparison, the IMF’s projections for the twenty euro area countries’ population is for only 0.2% growth per annum through 2023-2029 to 351 million. […]

  • UK Infographic

    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

  • Weekly Round Up

    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 […]

  • Daily blog

    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 […]

  • Daily blog

    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 […]

  • Daily blog

    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 […]

  • Daily blog

    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 […]

  • Daily blog

    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 […]

  • Weekly Round Up

    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 […]

  • Daily blog

    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 […]