Author: Patrick Mullane

MyHome report shows asking price slowing to 3.9%

The Bank of Ireland-MyHome report was published earlier this week, showing asking price inflation had slowed to 3.9% in Q3 2026 (from 5% in Q2), to 2.8% in Dublin and to 4.8% in the rest of Ireland. Also, the market is getting a little easier for homebuyers. There were 14,600 properties listed for sale on […]

Euro makes modest gains

With little data out, or much news to move markets, there was not a lot to move the dial substantially yesterday. The euro gained somewhat, with much of the move coming overnight having done relatively little during the day yesterday, and is back to above $1.1225 to the dollar and to 84.8p to sterling. Sterling […]

Sell off sees bonds and equities dip and Euro under pressure

The brief respite at the start of the week which saw a little of the pressure on the euro and French bonds ease reversed yesterday, with the single currency coming up against renewed pressure versus the dollar, which saw it fall back below $1.12 at times and it remains around this level this morning. A […]

Euro gains a little yesterday, but dollar fights back overnight

French yields steadied somewhat yesterday, moving lower again, and are now around 15bps below the 10-year yield closing high of over 4.9% reached last Thursday. That helped the euro, as it bounced off its year-to-date low of $1.1160 on Monday, gaining back a cent to $1.1260 yesterday afternoon. However, much of that move reversed overnight, […]

Ireland Infographic – September 2026

We expect GDP will contract by 1.2% in 2026 before rebounding by 3.1% in 2027. We expect the domestic economy to expand in both years, with modified domestic demand increasing by 3.8% this year and 2.8% next year. View the Infographic in Full Here: Bank of Ireland Irish Infographic September 2026

Ireland Outlook – September 2026

New Irish Economic Forecasts We have revised up our forecast for Irish GDP to a shallower 1.2% fall in 2026 – still contracting as the surge in exports last year has unwound, but followed by 3.1% growth in 2027. HICP inflation is now expected to rise to 4% in the final months of 2026, averaging […]

Bank of England and ECB highlight market curve may overstate likely pace of future rate hikes

Expectations that central banks will be forced into a series of rate hikes have hardened over the past week. The deteriorating prospects for the conflict in the Middle East being resolved, pushing Brent oil prices above $100pb, has been the clear catalyst, bolstered by rate hikes and the hawkish messages emanating from the Bank of […]

UK housing market still in a fragile place

Tuesday’s Nationwide index showed UK house prices broadly flat in August, up just 1.6% yoy, and follows downbeat readings from Lloyds (+0.1%) and Rightmove (-1%) that point to flat or negative inflation. The most recent Royal Institution of Chartered Surveyors (RICS) survey indicated a net majority of UK estate agents reported falling prices (-30%) in […]

Dollar gains after hawkish Warsh speech

Friday was very much dominated by Fed Chair Warsh’s much anticipated speech in Jackson Hole. That conference had often been used by previous Fed chairs for major policy speeches but there was a risk Warsh would say very little given his predisposition to less rather than more communication about monetary policy. In the event he […]

Ireland’s population grew by 1.2% in year to April 2026

New CSO data showed that Ireland’s population grew by 1.2% (67,000 people) in the year to April 2026, reaching 5.5 million. Although this remains one of the fastest rates of population growth in Europe, the 1.2% increase was the slowest recorded in Ireland since 2016, excluding the Covid-19-affected year of 2021. This reflects declining birth […]