The Week Ahead – Independence Trade

The UK saw another round of combined sterling and gilt weakness, a pattern which is becoming worryingly familiar. Politics elsewhere seemed to have run a bit more smoothly with the US budget bill passing through the Senate and House, teeing up some degree of fiscal expansion for the year ahead. Tariffs remain on the agenda for the week ahead, as we approach the 9 July deadline. In Asia, we focus on the Bank of Korea's likely hawkishness relative to potential rate cuts by the Reserve Bank of Australia and the Reserve Bank of New Zealand. Chapters: (US: 02:14, Asia: 08:53, Australia & New Zealand: 13:53, EMEA: 16:33).