The new US administration has made a lot of noise about currencies during its first few weeks. But there is little chance of it engineering a move away from the system of free-floating exchange rates...

OPEC is unlikely to sustain the production cuts which it implemented in January, but we expect a combination of rising global demand and increased US shale production to keep prices fairly stable for...

Household spending has picked up in advanced economies recently, and a combination of strong labour markets, lower debt burdens and loose monetary conditions means the outlook is fairly bright.

The lesson of 2016 is that political shocks often have limited economic consequences. This implies that a period of political chaos or paralysis in Washington may not make much difference to the US...