In the first half of 2017, the Irish market ended the year with its worst year on record for foreign exchange trading.
Foreign exchange trades in Ireland fell by a record €1.2 billion, according to a report from market research firm Forex Research Group.
The figures show the collapse in the value of the Irish pound has pushed foreign investors out of the market.
The decline in foreign investors has been driven by a number of factors including a decline in investment in emerging markets, an economic slowdown in Europe and a rise in the cost of borrowing in Europe.
The Irish economy has also suffered.
The Bank of Ireland has been forced to cut interest rates to an all-time low and the country has seen a slowdown in exports and imports, as the global economy has been hit by the Brexit vote and the eurozone crisis.
The impact of the Brexit and eurozone crisis on the Irish economy will continue for some time to come.
A key driver of the currency slump was the loss of investment in Ireland.
The country’s economy was hit hard by the global financial crisis, and this has left many businesses unable to compete with the booming Chinese economy, leading to a slump in foreign direct investment.
Forex’s report says that in 2017, investment in the Irish stock market fell by €2.4 billion to €18.2 trillion, with the main drivers being an increase in interest rates, a reduction in the number of foreign investors and the cost to borrow.
The report also highlighted the decline in the foreign exchange market.
In 2017, there was a decrease in the total number of international transactions for the first time since at least 2002.
This was the result of the increase in the volume of transactions for a number, including the Brexit, European Union and North American Free Trade Agreements, as well as the impact of lower-than-expected foreign exchange earnings.
It also noted that the number and quality of financial instruments has increased, with some of the biggest and most valuable stocks listed on the NYSE in the first six months of 2018.
As a result, the number, price and liquidity of financial products in Ireland has decreased.
This is also reflected in a decline of the share price of FTSE 100 companies and a decrease of the value in the stock market.
“While the drop in foreign investment is a key driver for the Irish currency and the Irish bond market, the fall in foreign currency has a negative impact on the economy as the depreciation in the pound is also affecting foreign exchange flows,” said Mark Wohlfeld, senior market analyst at Forex.
“The fact that the share market has also taken a hit is a significant reason why the Irish government’s fiscal targets, as announced in the Budget on March 24, 2017, are being met.”
While the Irish share market is at a very high level, there are still signs of potential improvement ahead.
The latest data from the Irish National Statistics Office shows that the stock index has now risen by a more than two percentage point, and that the yield on the 10-year government bond has increased by a further six percentage points.
The Government will have to address the issues of the foreign currency in the coming weeks to ensure that the country does not repeat the situation of last year.