• A no deal Brexit consequences

    First of all, a no deal does not mean at all that the UK won’t leave the Euro, but in fact it means that the UK and the EU are still unable to reach an agreement regarding the divorce and this scenario would create uncertainty about what would happen next, so no doubt, this will […]

  • Precious Metals Monday 13-07-2020

    Gold The gold market has started the week with fresh buying following some softening into the end of last week. Gold broke out to fresh 2020 highs last week as rising concerns over a potential second wave of the virus, as well as concerns over rising US/China tensions, drove the US Dollar lower and fuelled […]

  • The Investment Bank Outlook 13-07-2020

    RBC Capital Markets Week ahead: Three G10 central banks announce policy this week – the BoJ (Wednesday), BoC (Wednesday) and ECB (Thursday) and the European Council meeting will be another key focus (Friday, see EUR). On the data front, US June retail sales (Thursday) should confirm retail activity continued to rebound in the month, while […]

  • Recovery in Doubt As UK Growth Seen Well Below Estimates In May

    UK GDP Very Weak in May The latest economic data released on Monday showed that UK GDP bounced back in May, following a 20.3% contraction in April. However, at just 1.8% growth on the month, the rebound was well below the 5.5% growth forecast. While the monthly reading was disappointing, growth in the three months […]

  • BOJ Lowers Growth Forecasts & Warns of Downside Risks

    Policy on Hold But Forecasts Cut At the Bank of Japan’s July rate setting meeting, held overnight, the BOJ kept its monetary policy on hold at current levels via an 8-1 vote. However, with downward revisions to its growth forecasts and warnings of downside risks to the economy, the meeting struck a decidedly bearish tone. […]

  • UK/China Rift Growing As UK Bans Huawei

    UK & China Clash Over Hong Kong Tensions between the UK and China have emerged as a fresh risk factor in recent weeks. The UK has refrained from having any direct spats with China over recent years while the US has continuously locked horns with the world’s second largest economy. However, in light of recent […]

  • The IndeX Files 14-07-2020

    Virus Fears & US/China Tensions Create Headwinds For Risk Global equities benchmarks started the week with a bid tone on Monday, with most indices seeing gains initially, before sentiment weakened over the day leading to a reversal into negative territory. Selling has continued this morning at the European open as investors remain caught between the […]