In this Insight, we discuss our rationale for a short sterling position.
The Swedish krona was among the weakest G10 currencies on Wednesday following the Riksbank meeting. Although the central bank kept the benchmark rate unchanged as expected, the post-meeting communication was on the dovish side.…
In this Strategy Outlook we examine why, contrary to popular perception, the odds of a global recession over the next 12 months are rising not falling.
The latest batch of economic data out of the UK suggests that economic conditions have recently stabilized. The flash Manufacturing PMI rose by a stronger-than-anticipated 2.4 points to a 20-month high of 49.9 in March –…
Swedish economic data is usually good at sniffing out the outlook for global growth. Looking at a broad swath of indicators, from domestic conditions to barometers of external demand, our colleagues from BCA’s Foreign…
The Chinese yuan slide sharply against the US dollar on Friday, breaching the 7.2 level. The weakness comes after the PBOC loosened its hold on the currency by setting a weaker-than-anticipated daily fixing. The move…
The Swiss National Bank’s 25 basis point rate cut on Thursday came as a dovish surprise to market participants anticipating it would hold the policy rate unchanged. The rate cut, which brought the policy rate down to 1.5%…
Despite a couple of rate cuts in H2 2024, borrowing costs will remain elevated in real terms amid lower inflation in the US and Europe. This and tightening fiscal policy will hinder domestic demand in advanced economies. Domestic…
Citigroup’s economic surprise index for the Euro Area has been on a steady ascent since mid-2023. Its continued increase after breaking into positive territory at the start of February indicates that the region’s…