Selling Britain by the pound
Forex traders are no more impressed by UK PM Theresa May's latest efforts than were the leaders of the European Union, and sterling is on track to take the 'week's worst performer' title away from a languishing loonie.
Chief Economist & CIO
Summary: EM assets are trading at a deep discount, but a shift in growth leadership from the US to China could lead to a weaker US dollar, which would support commodities and EM again. Meanwhile the simmering Sino-US trade war heightens the risks for the global economy, and we are at a crossroads on several fronts: globalisation, geopolitics, and economics.