Euro to take two steps higher once the Italian elections are out of the way and the European Central Bank (ECB) unwinds its currency-debilitating stimulus programme.
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Brexit and monetary policy on both sides of the English Channel will be key drivers of the Pound and Euro next year.
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Growth will be slower in 2018 than in prior years but, if the economy remains stable and Brexit talks evolve constructively, Sterling will benefit.
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The UK has the wrong split of growth and too much inflation to sustain a normal hiking cycle. Brexit risks are also a threat to Sterling but directional calls are best avoided for the time being. …
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Politics takes centre stage over the next five days, with key events including the evolving Brexit story and Catalan elections in the Eurozone. Charts continue to show a bias to the upside.
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A transition deal means a slower journey to a bad destination so if an agreement is struck in the new year, it will be unlikely to boost the economy’s performance.
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Political risks becomes more balanced in 2018 while the Bank of England's northward march could provide the Pound with an edge over its continental neighbour.
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