Like most economists, I’ve been busy peering into the crystal ball for 2026. It’s foggy, naturally, and dare I say it, a bit… boring. The consensus? Affordable US progress, underpinned by AI and excessive revenue shoppers. Europe seems regular, although buoyed by German stimulus. The Fed is edging nearer to impartial – albeit maybe now extra slowly – whereas the ECB is already there and is more likely to preserve charges on maintain by means of 2026. Our full outlook shall be with you in a few weeks, however my FX colleagues assume the online impact is a weaker greenback and a low volatility setting that favours the carry commerce. However life … (full story)
