Executive Summary China: GeoRisk Indicator A new equilibrium between NATO, which now includes Sweden and Finland, and Russia needs to be reestablished before geopolitical risks in Europe subside. Russia aims to inflict a…
The “cost of living crisis” is weighing down on UK consumers. The volume of total retail sales fell by 0.5% m/m in May, and the measure that excludes auto fuel declined by a greater magnitude of 0.7% m/m. Consumer…
The UK economy unexpectedly contracted in April for the second consecutive month. GDP fell 0.3% m/m following a 1% m/m decline in March, disappointing expectations of a 0.1% m/m increase. Service sector activity was the…
Executive Summary Competing Forces On Global Bond Yields Bond yields in the developed world have ticked higher recently, due to a renewed increase in oil prices and the spillover effect from more hawkish policy expectations…
Listen to a short summary of this report. Executive Summary Sentiment On Sterling Is Depressed The pound will suffer in the short term, setting the stage for a coiled-spring rebound. Cable is extremely…
GBP/USD has been strengthening over the past three weeks after hitting a two-year low of 1.22 on May 12. Does this mark the beginning of a more sustainable rally? Cable faces crosscurrents over the near term. On the one…
Listen to a short summary of this report. Executive Summary US Financial Conditions Have Tightened Significantly This Year US financial conditions have tightened by enough that the Fed no…
Listen to a short summary of this report. Executive Summary The Dollar Likes Volatility Uncertainty about Fed policy has supercharged volatility in bond markets, and correspondingly, USD demand (Feature…
Executive Summary The Fed, Bank of England (BoE) and Reserve Bank of Australia all hiked rates last week. The BoE, however, signaled a note of caution on future UK growth, given soaring energy prices and plunging consumer and business…