The Chief Economist of the BoE was right to highlight the “unique combination of challenges facing the UK economy” in a recent speech given on January 9th. According to Huw…
We would suggest remaining long yen against the dollar, supported by a widening underlying Japanese current account surplus. JPY/GBP could be an even better trade, given the Labour strife in…
US Treasuries have rallied since Friday’s payrolls report and the weak services ISM. But markets are paying a lot more attention to Japan now. Another rise in the Tokyo CPI…
All told, the improvement in the inflation and wage data (see US Chartbook, published earlier today) – combined with the services ISM and Credit Managers’ indices – suggest the Fed…
US inflation eases (pages 2-8) Personal consumption resilient, despite dip in confidence (pages 9-13) Real GDP holding up, no recession (pages 14-17) Surveys look very weak, except future indicators for…
Eurozone inflation drops in December, but core CPI climbs again (pages 2-8) German new orders trending down: Ifo, PMIs show signs of a trough (pages 9-27) Retail spending slips, but consumer…
Globally, governments continue to defer the tough political choices when it comes to balancing the books. On the December 23rd, the Kishida administration revealed a record Y114.4tr ($863bn) budget for…
