Brandywine Global

The USD is still likely to fall further in the first half of 2021. However, unlike the second half of 2020, the path down for the U.S. dollar will likely be more volatile as the Fed walks this narrowing tightrope between significant above-trend growth and the diminishing need for stimulus against the intent to more convincingly achieve its inflation objective.

All through the Brexit process there has never been clarity about the outcome however, markets never panicked. Can we expect this to continue?

The unprecedented global monetary and fiscal responses to the pandemic resulted in a swift compression of corporate credit spreads.