EM Markets Chart Pack EMs sail through headwinds Financial markets in the emerging world have sailed through recent headwinds stemming from a continued depreciation of the renminbi and the UK’s vote to leave the European Union. And the rally may not... 12th July 2016 · 1 min read
UK Data Response BRC Retail Sales Monitor (Jun.) June’s BRC sales data – which cover the days both before and immediately after the EU referendum – show the retail sector faltering. But we will have to wait a bit longer before a clear picture of the... 12th July 2016 · 1 min read
UK Economics Focus How will policymakers respond to the Brexit vote? The Bank of England’s Monetary Policy Committee (MPC) is likely to look through the inflationary consequences of the drop in the pound seen since the Brexit vote and focus instead on cushioning the... 11th July 2016 · 1 min read
Japan Economics Update Two-thirds majority no reason to cheer The landslide victory for Japan’s ruling coalition in the Upper House election is not necessarily good news for the economy, as lawmakers’ time and energy may now be focused on revising the pacifist... 11th July 2016 · 1 min read
UK Economics Update Brexit Watch: Support for the economy taking shape The headlines this week have concentrated on the negative impact that Brexit has had on sterling and confidence, as well as the temporary suspension of trading in a number of commercial property funds... 8th July 2016 · 1 min read
UK Economics Weekly A Goldilocks depreciation? The fall in the pound since the EU vote has been widely presented as a negative development. Not only is it being seen as a general indicator of Brexit vote fall-out, but many forecasters appear to... 8th July 2016 · 1 min read
Japan Data Response Economy Watchers Survey (Jun.) The plunge in the outlook of today’s Economy Watchers Survey indicates that the stronger yen and Brexit have dealt a serious blow to confidence in Japan. 8th July 2016 · 1 min read
Global Economics Update Brexit is a local, not global, shock Developments over the past few days have revived concerns about the consequences of Brexit for theglobal economy. But they have not changed our view that the economic impact outside the UK and... 7th July 2016 · 1 min read
Precious Metals Update Will ‘Brexit’ drive a new bull market in gold? The UK’s decision to vote in favour of leaving the European Union in a nationwide referendum on 23 rd June – or ‘Brexit’ – has already boosted the prices of precious metals. The prospects for both... 6th July 2016 · 1 min read
Emerging Europe Economics Update Polish MPC shrugs off Brexit concerns…for now The Polish MPC used this afternoon’s post-meeting press conference to suggest that it was broadly unconcerned about the impact of the UK’s vote to leave the EU on the domestic economy, but we think... 6th July 2016 · 1 min read
UK Commercial Property Update How has Brexit affected our forecasts? The outcome of the vote has dented the outlook for occupier demand, and as a result we have cut our all-property rental value growth forecasts for the next two years, from 2.9% and 2.4% respectively... 6th July 2016 · 1 min read
Global Markets Update Is sterling a good indicator of global Brexit risks? The renewed slide in the value of the pound yesterday has prompted fresh jitters in global financial markets, as well as increased demand for traditional safe havens such as gold and the yen. But... 6th July 2016 · 1 min read
UK Economics Update Don’t panic about the pound While the downward pressure on the pound has increased in response to some adverse post-referendum developments, we have long argued that a substantially lower exchange rate would be an important... 6th July 2016 · 1 min read
China Economics Update What will the GDP data tell us about underlying conditions? The Q2 GDP data will provide a welcome glimpse into the performance of parts of the service sector where the regular monthly flow of data provides less visibility. But the figures should be handled... 5th July 2016 · 1 min read
India Economics Update Passage of Goods and Services Tax edging closer Recent changes to the composition of the Rajya Sabha have raised the likelihood that the long-awaited Goods and Services Tax (GST) bill will finally be passed. But there are still sticking points, the... 5th July 2016 · 1 min read
Global Economics Chart Pack Brexit vote not a game-changer for world economy It’s early days but we see no reason to change our view that the global economic fallout from the UK referendum result should be minimal. The UKrecovery will probably falter due to heightened... 5th July 2016 · 1 min read
