It was a tense week filled with anticipation as investors awaited the U.S. Federal Reserve meeting for clues on future monetary policy. Despite the quiet start, global stocks hit record highs on Monday as equity bulls drew strength from the transitory inflation narrative. Looking at currency markets, the Euro wobbled above 1.21 while the Dollar Index (DXY) struggled for direction as market players adopted a defensive approach. In the United Kingdom, UK Prime Minister Boris Johnson delayed lifting the remaining Covid-19 restrictions until Monday 19th July. We questioned whether this would negatively impact the UK’s ... (full story)