Although none of the big four central banks have started tapering their QE programmes yet, monetary aggregates are being pinched from different...

Global | Coronavirus Watch: Case rates fall globally

Posted by Ben May on Jun 29, 2021 10:28:42 AM

New global cases of Covid-19 have fallen below the March lows and in many advanced economies, rapid vaccination programmes have allowed economies...

A shift to a new policy regime with much higher and more volatile inflation is a possibility that can’t be ignored due to its impact on the...

Global | Holding on to our core convictions

Posted by Javier Corominas on Jun 28, 2021 1:11:57 PM

Despite a flattening of the yield curve and some position squaring of the socalled reflation trade, we believe our key asset allocation themes are...

Global | Turning cautious on GBP

Posted by Ben May on Jun 22, 2021 2:38:01 PM

We believe now is the time to close out our tactical bullish GBP call, initiated in March, as the almost year-long rally in GBP looks increasingly...

Technical factors will push inflation up in the short-term and the fallout from the pandemic will raise inflation risks further out. But on...

The latest US and China inflation numbers have been shrugged off by markets despite being a bit higher than expected. While we still think that...