Global Markets Update What next for sterling? Our forecast that the euro will fall to parity with the dollar next year, combined with a smaller decline in the pound from $1.47 to around $1.40, would mean a further rise in the euro-sterling... 3rd June 2010 · 1 min read
Global Markets Update Are UK equities attractive relative to gilts? While the dividend yield of the FTSE 100 recently rose above the yield on 10-year UK gilts for the first time since last autumn (see Chart 1), we would be wary of reading too much into this particular... 27th May 2010 · 1 min read
Global Markets Update Liquidity is important, but it is not the be all and end all 21st May 2010 · 1 min read
Global Markets Update What next for commodities? The sharp falls in many commodity prices over the past month reflect a mix of pressures and worries, some of which are temporary but most of which are not. We continue to expect further falls by the... 20th May 2010 · 1 min read
Global Markets Update New market forecasts – an even stronger dollar ahead We have revised up our GDP forecasts for the US and Japan. (See our latest US Economic Outlook and Japan Economics Weekly.) At the same time, we have reviewed our projections for currency, bond... 17th May 2010 · 1 min read
Global Markets Update Would QE be so bad for the euro? The experience in both Japan and the US shows that the adoption of quantitative easing by the ECB would not necessarily do lasting harm to the euro. But we still expect the currency to fall a lot... 13th May 2010 · 1 min read
Global Markets Update What next for gold? Gold prices have risen further than we had anticipated, but we still expect them to end the year much lower. Persistent fears over public debt and the health of the financial system in the major... 11th May 2010 · 1 min read
Global Markets Update How will sterling markets fare after the election? We are not convinced that a hung parliament in the UK would now be such bad news for all sterling assets. Whatever the outcome of tomorrow’s general election, we think 10-year gilt yields will drop to... 5th May 2010 · 1 min read
Global Markets Update Is the new pricing system for iron ore such a big deal? 31st March 2010 · 1 min read