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November 14, 2025
ECB – In a Good Place or Just Complacent?
November 14, 2025 11:55 AM UTC
The ECB is of the view that downside growth risks have dissipated somewhat, this possibly helped by its recent actions which it suggests leave its current policy stance in a good place. However, amid a hint of what we think is a complacent upgrade about the EZ’s alleged resilience, we think, the
China: Unbalanced Growth
November 14, 2025 8:15 AM UTC
· The slowdown in China retail sales continues, with excess production still evident. Nevertheless, the slowdown in industrial production and private sector business investment suggests that companies are becoming less upbeat about domestic demand. Underlying growth is 4.0%, though
GBP, CHF flows: GBP falls on report tax hikes abandoned, CHF strength extends
November 14, 2025 7:56 AM UTC
GBP falling back as FT reports that Chancellor Reeves has abandined plans to raise income tax in the November 26 budget. CHF strength extends with EUR/CHF retesting 0.92 level on optimism on tariff reduction.