Eurozone Outlook: Has Inflation Peaked Already?

June 22, 2026 11:35 AM UTC

·       Under our only slightly updated view of no further fighting in the Middle East, we see oil and gas prices largely consolidating recent falls before falling afresh from mid-2027.The current situation is very different from that of 2022 and the Ukraine War in which the EZ lost access to

Chart GBP/USD Update: Tunred up from retest of 1.3160 March YTD low

June 22, 2026 1:53 AM UTC

Turned up from retest of the 1.3160 March current year low as prices consolidate sharp losses last week

Chart GBP/USD Update: Corrective gains to remain limited

June 19, 2026 9:20 AM UTC

The anticipated break below 1.3200 has bounced smartly from strong support at the 1.3160~ current year low of 31 March

Brazil: Slowing Pace of Cuts and BRL Strength

June 19, 2026 6:55 AM UTC

·       Brazil cut the SELIC by 25bps to 14.25%, but received critiques from the market by raising end 2027 CPI inflation from 3.5% to 3.7% and talking about Q1 2028 in the relevant policy horizon. We feel that BCB still wants to leave the door open to further cuts in 2026, given how restrict

Chart GBP/USD Update: Extending sharp losses

June 19, 2026 2:11 AM UTC

Sharp losses has reach the 1.3200 level but pressure remains on the downside and see room to retest the 1.3160, March current year low

SNB: Holding Steady on Rates

June 18, 2026 7:54 AM UTC

The June quarterly assessment saw little shift in the forecasts for either growth or inflation (Figure 1), with the tone of the economic outlook remained guarded due to concerns over the Iran war on the global economy (forecasts though look to have been completed before the U.S. Iran deal).   With

Chart GBP/USD Update: Range trade - background studies under pressure

June 17, 2026 7:29 AM UTC

Little change, as prices extend cautious trade within the 1.3400 - 1.3450 range

BOJ: QT still 5-6% of GDP until 2030 at least!

June 17, 2026 6:25 AM UTC

·       Though the BOJ will maintain bond buying at Yen2trn pm from April 2027, huge redemptions means that net QT will be Yen45trn April 27-March 28 i.e. around 6.5% of GDP after QT at 6% of GDP in 2026.  Then JGB net reduction of Yen40trn (6% of GDP) FY 29 and Yen35trn (5.5% of GDP).  Wit

Chart GBP/USD Update: Consolidating, room for higher later

June 17, 2026 1:57 AM UTC

Little change, as prices extend consolidation below resistance at the 1.3450 congestion