Author : Marc Chandler

Investors are debating over whether the Bank of England ease policy at the July 14 MPC meeting or wait until August Quarterly Inflation Report when new post-Brexit forecasts will...

The US dollar is little changed ahead of what will likely be a thin North American session due to the US holiday on Monday.   The Australian and New Zealand...

Some observers argue the media and some economists are exaggerating the impact of the UK vote a week ago. They talk about the petition for a second referendum. They...

The global capital markets have quieted considerably since the start of the week.  Month and quarter-end considerations appear to be playing a role.  In addition, there is a sense...

After plummeting 18.6 cents, mostly in a few hours after it became clear that the Brexit would carry the day, sterling has rallied four cents from the low set...

No fundamental development can compare with the UK decision to leave the EU. It has set off a chain reaction whose outcome is still far from clear.  Sterling is...

How exceptional are market developments?  Much rests on the answer.  If these are extraordinary circumstances, then Japanese intervention becomes more likely.  Of course, Japanese policymakers have been inclined to...

The global capital markets are stabilizing for the first time since the UK referendum.  It is not uncommon for markets to move in the direction of underlying trends on...

The UK has decided to seek a divorce from the EU after a 43-year rocky marriage.  It was not an overwhelming decision.  Brexit won by 52%-48% margin, seemingly too...

The Brexit vote is a game-changer for EM.  While the direct impact on EM is limited, the damage to market sentiment is undeniable.  In addition, to make matters worse,...