We think that the reactions in bond markets to Brazil’s and Mexico’s new leaders have gone too far. Investors in Brazil look overly optimistic about President Bolsonaro’s ability to turn the public...

In this Focus, we consider how sterling, Gilts and UK equities will be affected by the outcome of negotiations over Brexit and the global economic slowdown that we are anticipating. Our judgement is...

We have long forecast that the Australian dollar would weaken against the US dollar in 2019 owing to our bearish view of commodity prices and China’s economy. But changes to our outlook for monetary...

We think that government bonds in the euro-zone “periphery” will fare quite poorly in the next two years – particularly in Italy and Greece – as growth disappoints and deficits overshoot expectations...