ING Economic and Financial Analysis

EU leaders have granted an extension to the Article 50 negotiating period, piling the pressure on the UK Parliament to agree a way forward on Brexit. The question is: will a majority of British MPs...

Japanese CPI misses inflation target again, by miles. Sterling looking slightly stronger as EU hints at some flexibility on Brexit extension. Bond yields ease higher as stocks surge post FOMC.What's...

Taiwan’s central bank has kept rates on hold. As long as the economy doesn’t contract, monetary policy will likely remain steady. Fiscal stimulus is boosting the economy but may falter if...

The Federal Reserve has taken both rate hikes off the 2019 projections and promised to reduce the pace of quantiative tightening. Here's what that means for FX markets.USD: The Fed Is DoneThe Fed...

No policy change form the Fed, but the dot plot diagram shows FOMC members have gone signalling two possible hikes to no hikes in 2019. Should we be worried?VERY patientAs widely expected the Federal...

As the law stands, the U.K. is set to leave the European Union next Friday- with no deal. And while much of the focus has been on the potential damage to the U.K. economy, its nearest neighbours will...

U.K. labor data looks astonishingly strong for an economy that is supposedly slowing on most other measures. If the government gets a long Brexit extension, a Bank of England rate hike is clearly on...

This week’s Fed meeting will see interest rates left unchanged and the central bank sticking to its “patient” approach to policymaking. However, look out for announcements regarding...

In the FX market, we’re now looking at the lowest volatility levels in five years. Will it continue?USD: All quiet ahead of tomorrow’s FedAsset market volatility continues to sink across...

Quarterly house price growth in Australia fell 2.4%QoQ in 4Q18, accelerating the decline from 3Q18 (-1.5%). Although this still looks orderly, it does raise the prospect of a more disorderly decline...

Flat yield curves and the prospect of unchanged G3 monetary policy into 2020 have seen volatility collapse across G3 FX pairs. Yet there’s plenty going on elsewhere with Brexit, tightening in...

There's talk that next Tuesday could see May's third (and likely final) attempt at getting her deal through parliament, but we are scepital that it will prove successful. That doesn't mean Brexit is...

With the wind blowing towards a shorter delay to the Brexit process and Parliament seemingly reluctant to back an alternative option, we suspect Prime Minister May will continue to struggle to...

If Brexiteers are scared into submission and a third Meaningful Vote is somehow passed or a softer Brexit emerges over the coming weeks, sterling could rally further.USD: US economy quietly...

Infrastructure investment and real estate development has supported the economy while retail sales growth has stabilised. We don't read too much into the industrial production data as factory closures...

The month-on-month increase of 1.4% for Eurozone industrial production was better than expected, but with worries about global demand very much alive the industrial outlook is clouded by...