The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
At this stage, it is hard to quantify how a planned referendum on Britain's membership of the European Union is impacting investor sentiment and the outlook for business investment. But there is little doubt it will influence the timing of the Bank of England's first interest rate hike in nearly a decade and how sterling trades this year.
from Morning Bid with David Gaffen:
It’s been an interesting year, and the volatility we saw strikes some as a harbinger, with more divergence in monetary policy and the long-anticipated beginning of a Fed tightening cycle careening into the collapse of oil, setting up for an eventful 2016. For now, though, here’s a look at the top 10 stories in the markets over the past year:
The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.
Canada's near two-year-long attempt to boost exports through a weaker currency so far has proved futile.