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Pre-Crisis Growth Levels Unlikely

Spain's recovery will gather steam in 2014 and 2015, with exports remaining strong due to improving competitiveness. Consumer spending will also support growth, but a lack of progress on deleveraging...

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Still Expecting A Rate Cut In Q115

Russian rate markets remain overly hawkish towards the Central Bank of Russia (CBR)'s monetary policy trajectory, in our view, following the surprise rate hike on July 25. According to the statement...

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Dollar Comeback Hitting GBP And EUR

Having hit a multiyear high of USD1.72/GBP on July 1, the British pound has succumbed to a pullback in the dollar in recent days. Sterling is now tentatively pushing through key short-term support at...

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