The pound has welcomed yesterday’s UK Budget announcement, as improved fiscal headroom is seemingly not coming at a hefty ...

At first glance, the UK Budget looks promising, with the fiscal headroom significantly increasing. But diving deeper shows a ...

Romania’s construction sector found some stability in 2025 after last year’s slump but faces cloudy prospects amid weak ...

So, despite all the warning signs around a spread-out supply chain seen in recent years, there is still very limited evidence ...

The odds of further Bank of Korea easing seem low amid upgraded forecasts for South Korea’s GDP and inflation. Increased inflation concerns, risks linked to the weak KRW, and ongoing financial ...

Meanwhile, speculators are increasingly bearish towards the European gas market The oil market is stuck between the potential for progress in Russia-Ukraine peace talks and what that would mean for ...

At time of writing, Gilt yields are currently off around 4-5bp across the curve from their pre-OBR leak levels and EUR/GBP is off around 0.4%. At above 1.32, GBP/USD is back to levels seen in late ...

The UK Budget announcement (12.30 GMT) will see markets weigh both fiscal and inflationary implications. Sterling faces moderate downside risks in a non-inflationary, fiscally tight scenario, and ...

The UK government's budget announcement will need to show fiscal discipline to satisfy gilt investors, and while our baseline ...

Industrial metals extended gains in yesterday’s trading, with LME copper approaching the $11,000/t level amid a weakening US ...

The US Treasury’s semi-annual Report on Foreign Exchange Policies of Major Trading Partners (the “FX Report”) is expected to ...

This gives us confidence that annual GDP growth in 4Q25 is likely to exceed the 3.7% YoY reported in 3Q25. In 2025, we still ...