Capital Daily Euro and euro-zone assets likely to remain under pressure Euro-zone assets and the euro have come under significant pressure recently as concerns about Europe’s energy supplies have intensified. While we think it would take a significant further... 5th July 2022 · 6 mins read
FX Markets Weekly Wrap Safe-haven flows drive the dollar higher The US dollar looks set to end the week stronger against most major currencies, nearing its strongest level since 2002 as “risky” assets remained under pressure. A key reason for the dollar’s rally is... 1st July 2022 · 8 mins read
Emerging Europe Economics Weekly Corporate FX debt risks in Turkey, EU fund hopes Recent plans announced by the Turkish authorities to restrict access to lira-denominated loans to corporates with large FX holdings add to the growing risks stemming from corporates' large FX debts... 1st July 2022 · 10 mins read
Asia Economics Weekly Worries over weak won, Pakistan nearing IMF deal The weakness of the Korean won, which has fallen by over 8% against the US dollar since the start of 2022, is likely to be welcomed by the country’s exporters, who face the prospect of a sharp... 1st July 2022 · 6 mins read
EM Markets Chart Pack We think EM assets will remain under pressure We expect the yields of emerging market (EM) local-currency (LC) and dollar sovereign bonds to rise further and EM equities to lose more ground as “risk-free” rates continue to climb and global... 30th June 2022 · 8 mins read
FX Markets Chart Pack We expect the US dollar to continue trending higher While the strength of the US dollar already reflects expectations that the Fed will continue its aggressive policy tightening, we think that disappointing global growth and weak risk sentiment will... 30th June 2022 · 11 mins read
Asset Allocation Chart Pack Mounting growth concerns leave few places to hide The period since the publication of our last Asset Allocation Chart Book on 31 st May has brought yet more pain for investors. Between then and 28 th June, the returns from all the headline indices... 30th June 2022 · 12 mins read
DM Markets Chart Pack We expect even higher yields and lower risky asset prices We think developed market government bond yields will rise further while equity and corporate bond prices fall further, as central banks press ahead with tightening and the global economy slows. Drop... 29th June 2022 · 8 mins read
FX Markets Weekly Wrap We think the dollar rally has paused, not ended Amid mounting concerns about the global growth outlook as more central banks raised policy rates, the US dollar looks set to end the week broadly unchanged against most major currencies. Although we... 24th June 2022 · 8 mins read
Global Markets Update Answering your questions on our market forecasts We held a Drop-In on Wednesday to discuss what the evolving outlook for monetary policy and global growth means for our markets forecasts. This Update recaps the key questions we addressed in the Drop... 24th June 2022 · 8 mins read
FX Markets Update Revising down our forecasts for riskier currencies With the outlook for the global economy worsening further and the Fed still on the war path, we have revised down our forecasts for many G10 “high-beta” currencies and several EM currencies. Asia Drop... 24th June 2022 · 5 mins read
Emerging Markets Economics Update EMs stepping up to support currencies A handful of EM central banks have ramped up FX sales to provide support to weakening currencies over the past couple of months. And with inflation high and the US dollar likely to strengthen further... 24th June 2022 · 3 mins read
UK Markets Chart Pack Gilts to struggle sooner, equities to struggle for longer We haven’t changed our forecast that the Bank of England will raise interest rates from 1.25% now to a peak of 3.00% by the middle of next year. But we do now think that a number of other central... 23rd June 2022 · 9 mins read
Middle East & North Africa Economics Weekly OPEC+ policy, Egypt’s orthodox shift and FY22/23 budget Next Thursday's OPEC+ meeting may drop some hints about the future for the group's oil output beyond September and we think that quotas are likely to be lifted. If that’s the case, the Gulf economies... 23rd June 2022 · 5 mins read
FX Markets Update We still think the backdrop is favourable for the US dollar Although it has fallen back a little recently, we continue to think the greenback will appreciate further against most currencies as global economic growth disappoints. Asia Drop-In (30 th June, 09:00... 23rd June 2022 · 3 mins read
Capital Daily We think headwinds to sterling are growing We expect the pound to weaken further against the US dollar over the rest of 2022 as the BoE fails to keep pace with the Fed’s tightening cycle and appetite for risk continues to weaken. 22nd June 2022 · 6 mins read
