Bank of England pauses further interest rate cuts until after this month's budget, which is likely to include income tax rises

British economy is resilient but growth has been mediocre

Even though the public finances are in a much stronger position today than at any point in recent in recent history, the current exceptional tax receipts should be treated as a one-off that may not be repeated

Irish policymakers are also having to contend with a highly uncertain macro backdrop

Full effects of tariffs may not be seen until 2026

It looks like a solid majority on the Fed is in favour of a cautious approach to rate cuts from here but there remains a wide divergence on the exact path

Markets are fully pricing in a rate cut by the Fed this week

Beneath the noisy headline Irish GDP data, domestic indicators point to a moderate growth picture so far in 2025

Fiscal vulnerabilities in France will be in sharper focus for investors in the coming month

With Mr Powell’s shift, under duress or not, it looks like a majority is emerging for a cut in September