In Case You Missed It: Confidence and cracks

Who said central banking was dull? The ECB threw markets a curveball this week, Fed Chair Jay Powell mixed things up and China confounded investors by doing nothing at all. At least Brexit and the global trade talks are all going to plan...

In this bundle

ECB: Solomonic end to QE

With an unprecedented communication twist, the ECB today more or less announced the end of QE. While the real motivation of this step remains unclear in…

The euro sell-off after the ECB: All a bit much?

EUR/USD has sold off hard on the announcement that the ECB ‘anticipates’ ending QE in December this year and keep rates unchanged at least…

United States

Federal Reserve sticks to the plan, despite global risks

Our three key takeaways from the June Federal Reserve (Fed) meeting

GBP: Theresa May’s impossible Brexit trinity

A tricky summer of Brexit politics lies ahead, with PM Theresa May facing an impossible Brexit trinity. While the pound still remains a good value play,…

China: We’re cutting our GDP forecast as deleveraging bites

China's credit tightening is hitting economic activity and we are cutting our 2Q GDP forecast as a result. But don't panic. We don't think…

US tariffs on Chinese imports invite retaliation

The US is already seeing retaliation from its major trade partners after it raised steel and aluminium tariffs. Now it has escalated its dispute with China

Crunch time for OPEC

OPEC members descend on Vienna next week for the official semi-annual meeting on 22 June. Will members of the OPEC+ deal decide to ease production cuts?…