After peaking in mid-November, sterling has fallen nearly 5% on a trade-weighted basis, making it the worst performing major currency bar the Canadian dollar over this period. The weakness will be...

The yen has been the strongest of the major currencies since the end of November. Not only has Japan’s currency benefited from the recent turmoil in global financial markets, but it has also been...

The latest sell-off in equity markets in the emerging world is largely due to bad communication by the People’s Bank of China. Indeed, with many emerging market (EM) economies showing some signs of...

An increase in Moody’s seasoned Baa-rated US corporate bond yield preceded all seven recessions that have taken place in the US in the past fifty years. What’s more, in six of those cases, the...