EURUSD should be rangebound
As of last week, the partial government shutdown is officially the longest shutdown on record.
The current earnings season has been mixed; lower energy prices and a stronger dollar are headwinds, but health care sector M&A is providing an offset.
A greater percentage of negative yielding bonds has reignited the hunt for yield as investors look for higher yields in riskier asset classes.
The U.S. Federal Reserve (the Fed) has called a halt to the balance sheet reduction program earlier, and at a higher terminal level, than investors first anticipated.
"We expect continued solid returns for emerging market debt (EMD) over the next six to 12 months, driven by healthy fundamentals, a supportive net issuance level and attractive valuations. "
We continue to believe that no UK politician can secure a better deal simply because there is no other solution to the Irish Border.
Currency movements based onbrexit's outcome.
This week the House of Commons demonstrated that a clear majority of Members of Parliament (MPs) are not willing to leave the EU without a deal. Our view has always been that we would at some point end with a relatively soft Brexit.
We continue to believe that no UK politician can secure a bettler deal simply because there is no toher solution to the Irish Border.