In Case You Missed It: Nothing thrilling

In a quiet week for economic data, politics once again set the tone for global markets. President Trump's remark that he's "not thrilled" about Fed rate hikes, escalating fears of a trade war and ongoing uncertainty over Brexit further muddied the outlook for investors and led us to revise some of our near-term forecasts

In this bundle

Opinion

Trump strikes the dollar down

In an interview with CNBC, President Trump cited that he's "not thrilled" with the Fed raising interest rates and noted that the Chinese…

GBP: Stormy outlook as dark clouds gather over Westminster

We think the stormy political clouds over Westminster will remain in place until at least October – and are thus confined to pencilling in a 1.27 to…

China

China: GDP forecasts cut on trade war

The ongoing trade war will affect future GDP directly via the manufacturing and logistics services sectors. Though the government will provide support via…

ECB preview: The meaning of summer

Some ECB veterans might be longing for the good old days when the bank's summer meeting was held in the form of a teleconference. With little news,…

Crude oil: Free fallin’

An escalation in the trade war, supply returning from Libya and Nigeria and the potential for the US to tap its emergency Strategic Petroleum Reserve,…

Commodities daily

Metal price outlook: When the going gets tough…

Escalating trade tensions and fears about the impact on global growth, and with it metals demand, have wiped 15% off the industrial metal index from its…