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Brexit, the pound, and the ECB’s possibly risky verbal balancing act

  • 11 September 2020

This week saw Brexit tensions rise once again and we think there's at best a 50-50 chance of a deal between the UK and the EU. Read our reaction and download the podcast. Christine Lagarde engaged in a possibly risky verbal balancing act at the ECB. And what can other government's learn from the Dutch on spending and austerity?

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In this bundle

Sterling unprepared as UK-EU trade deal hopes fade
FX United Kingdom
10 September 2020

Sterling unprepared as UK-EU trade deal hopes fade

The chances of a UK-EU trade deal being struck are now 50:50 at best, given the events of the past few days. The very limited risk premium factored into…

Listen: A no deal Brexit is no 'cliff edge' for the UK economy (but it won't help)
Podcast
FX United Kingdom
11 September 2020

Listen: A no deal Brexit is no 'cliff edge' for the UK economy (but…

Concern that Britain could leave the EU without a trade deal has weighed on the pound this week. But how much difference would a trade deal really make?…

ECB: The risky verbal balancing act
Quick take
10 September 2020

ECB: The risky verbal balancing act

The ECB carried out an interesting verbal balancing act, which doesn't come without risk. We think the ECB seems to be concerned about the stronger…

Covid-19: Spending, austerity and the Dutch experience
The Netherlands
10 September 2020

Covid-19: Spending, austerity and the Dutch experience

Dutch public finances provide ample room for temporary fiscal stimulus in the Covid-19 crisis and support for fiscal austerity is waning among economists.…

Striking differences in Eurozone business borrowing during Covid-19
11 September 2020

Striking differences in Eurozone business borrowing during Covid-19

Eurozone businesses borrowed heavily in the early lockdown months, but liquidity needs have come down substantially since then. Differences between…

The threat to world trade from Covid-19 subsidies
Trade
10 September 2020

The threat to world trade from Covid-19 subsidies

Governments worldwide have implemented subsidies to rescue their economies from the effects of Covid-19. These measures provide essential support to…

Don’t be fooled by public consumption figures
11 September 2020

Don’t be fooled by public consumption figures

Differences in measuring public consumption have exacerbated growth differentials in Europe. France and the UK, in particular, are likely to see a…

World trade Stimulus Public finances New Money Netherlands Monetary Policy GDP Fiscal policy Fiscal Exports Eurozone ECB Covid-19 Banking sector

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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