Insights

Sterling under pressure after UK Chancellor announcements

Sterling reached a historical low on 26 September against the US dollar of $1.03, representing a depreciation of the currency of over 20% year-to-date. Borrowing costs in the UK soared and confidence in the Chancellor’s economic plan seems to be lost. In this Macro Flash Note, Joaquin Thul analyses the recent market events in the UK.

Liz Truss becomes UK Prime Minister

On Monday 5 September, Liz Truss won the Conservative Party leadership race and has now become the UK Prime Minister (PM). In this Macro Flash Note, Joaquin Thul discusses the challenges ahead for Truss and the main items in her domestic and foreign policy agenda.

Boris Johnson resigns as UK Prime Minister – what happens next?

Overly cautious BoE chooses gradual approach to fight inflation

In this Macro Flash Note, Economist Joaquin Thul looks at the Bank of England’s (BoE) decision to raise interest rates by 0.25%.

Colombia’s Presidential election: change or continuity?

The first round of Colombia’s Presidential election will be held on Sunday 29 May. The election could lead to the victory of Gustavo Petro as the country’s first leftist president or to the continuation of the current economic model under Federico Gutierrez. Joaquin Thul looks at Colombia’s economic context and the main proposals from the two leading candidates.

Cautious optimism on Brazil

The Brazilian economy entered a recession in the third quarter of 2021 after two consecutive quarters of negative growth. The IMF and Brazil’s Ministry of Finance differ over their outlook for the economy in 2022. Are Brazilian authorities being too optimistic on growth prospects?