GBP rips higher on referendum hopes
Markets are continuing in their recent risk-on vein with sterling bulls bolstered by increased hopes for a second Brexit referendum, and perhaps, at the margin, even a scuppering of the entire issue.
Head of Macro Analysis
Summary: Since last May, when the trade war with the US intensified, China has shifted towards looser monetary policy and stimulus efforts. So far the biggest impact of easing is that it has contributed to boosting the credit impulse – a key driver of economic growth – back into positive territory.