In case you missed it: Rethinking rates

The global economic backdrop is looking murkier by the day. In the US, intensifying headwinds have prompted a rethink on the Fed's aggressive hiking plans while in Europe, weak data and seemingly endless political uncertainty have raised questions about the ECB's next move. And things are no less complicated in Asia...

In this bundle

United States

US: Signs of a slowdown?

The US has had a great 2018 but will face more headwinds in 2019. Worryingly, there are already some signs of a slowdown coming through in the data, in…

European politics in 2019: United in even more diversity

In European politics, 2017 was the year of hope for new momentum towards further integration. For a while, there was a real 'Europhoria'. In…

Switzerland

Switzerland: ‘Self-determination’ vote may have major impact on markets

A referendum in Switzerland on Sunday could complicate current negotiations with the EU and the economic and financial consequences could be significant

United Kingdom

Brexit: Latest breakthrough no gamechanger for ‘no deal’ risk

The leaked draft of the UK-EU political declaration sent the pound soaring on Thursday morning, but what is still not clear is if this document will help…

China

China: Intervening in the yuan, for what?

The People's Bank of China spent CNY 91.58 billion on foreign-exchange sales in October. We believe this means the central bank wants USD/CNY to cross…

ECB minutes: Glimmers of doubt

The minutes of the October meeting of the ECB’s Governing Council show some signs of doubt about the growth picture, though the ECB felt it was too…

Eurozone: a dismal third quarter confirmed

GDP growth in the Eurozone was confirmed at just 0.2% in Q3. Industrial production saw a decline in September. While a small recovery of GDP is expected…

Poland

Poland: Bank supervision scandal and its impact on markets

A recent alleged supervision scandal in Poland will probably mean that the zloty underperforms regional currencies in the short term. The majority of…

and