Morning Call: It's 'May Day' for the UK
Today's Brexit vote is the crucial risk event for markets as Prime Minister May faces a near-certain defeat of her proposed deal.
Head of FX Strategy
Summary: An old saying goes that nothing cures low oil prices faster than low oil prices, and the same is currently true in forex markets. Ultimately, nothing will cure a strong US dollar more quickly than further dollar strength because the world simply can’t afford a stronger USD for long – and if it can’t, it won’t.