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The euro’s reaction to an agreement on the EU recovery fund and the EU budget has been quite muted, largely because optimism about a deal had…
Optimism that the EU will agree on an EU recovery fund is building. EUR/USD has risen above 1.1450 and a break above 1.1500 appears to be on the cards if…
Multiple rate decisions are expected across the EMEA region next week. Expect rate cuts from Russia and Hungary while Turkey should stay on hold
The bar for positive market impacts of the EU Summit this weekend is not too high, as there is little hope for a quick agreement among investors. If our…
The central budget deficit increased further to HUF1.84tr in the first half of 2020. The official 3.8% deficit-to-GDP target for this year seems unattainable
Headline inflation accelerated significantly in June, but for those following developments in fuel prices, this comes as no surprise. We see further…
Sterling was the star performer in quiet markets yesterday ahead of Chancellor Rishi Sunak's announcement today and a private Brexit dinner between…
After an historic collapse, we now have an historic rebound in industry. However, the sector is still operating at 2013 levels, more evidence of a slow…
As lockdown and curfew measures were eased in May, retail sales started to improve accordingly. This is just a first step in the long road to a full recovery
Expect moderate gains in EMEA inflation next week on the back of fuel price shocks. Meanwhile, retail sales, unemployment figures, and key Russian data…