Despite big spending increases in last week’s UK budget, the Bank of England has signalled that it’s not a game changer for ...

The US Fed has cut its policy rate by 25bp. They acknowledge that policy remains restrictive and that further cuts are likely ...

We expect oil and European gas prices to fall throughout 2025, with both balances looking more comfortable. The macro and ...

British 10-year government bond yields have risen almost as far as in the US since the start of October on budget concerns ...

Thursday’s NBP press conference hasn’t changed our conclusions from yesterday’s press release. The committee’s stance has ...

Trump’s victory means there are more ‘known unknowns’ than even that other Donald, Mr Rumsfeld, could ever get his head ...

The Bank of Japan will continue on its path of policy normalisation, supported by sustained inflationary pressures and a ...

A negative sentiment shock in the wake of Trump's victory is likely to depress eurozone growth over the winter ...

With so many crosswinds to deal with, market rates have decided to rise, especially in the US. We find there is more room for ...

Investors also seem to have concluded in the immediate aftermath of Donald Trump’s election that the assumed hit to European ...

Trump’s victory means there are more ‘known unknowns’ than even that other Donald, Mr Rumsfeld, could ever get his head ...

But the outlook for 2026 is more uncertain and clouded by the threat of tariffs. If those tariffs are watered down – either ...