As we move further into 2023, yet continue to reflect on 2022, it is clear last year was not for the fainthearted when it came to market-moving events. There was an easing of pandemic restrictions globally (mostly), but the world was hit by Russia’s invasion of Ukraine, climbing inflation, increasing repercussions of climate change, central bank activity, and the looming threat of recession. Looking at the year ahead, what key market themes should we consider, both in terms of how they might influence the macro economy and additionally impact the FX market? 1. Inflation – Living with it? Inflation was arguably one of ... (full story)