Non-commercial participants, sometimes described as “speculators”, are now running a record number of short positions in the pound against the dollar, according to US data. However, this alone does...

We continue to expect emerging market (EM) equities to rise further in the next couple of years, even as the Fed tightens monetary policy. But the rally has fizzled out in recent days, and we suspect...

China’s currency continues to weaken and has now fallen by around 7% on a trade-weighted basis this year. But while past episodes of renminbi (RMB) depreciation have rattled global markets, they have...

In the last few days there has been a lively debate in the UK media over whether Brexit ‘Armageddon’ has been avoided. Our view is that it is far too early to say for sure and that sterling in...