Since the Brexit vote, total M&A deals fell by 60% to GBP42.4bn on average, driven mostly by a plunge in cross-border M&A deals.

GDP growth slowed to +2.3% y/y in Q3 from +3.3% y/y in Q2 on the back of slower export growth.

Real GDP growth rebounded to +1.9% y/y in Q2 from a contraction by -0.5% in Q1 (the latter was sharply revised downwards from a previous estimate of +1.6%).

The National Bank of the Czech Republic (CNB) raised its key monetary policy interest rate by 25bp to 1.75% last week, continuing its gradual tightening cycle (seven hikes by a cumulative 170bp since August 2017).

In October, we argued that Mexico was not yet out of the woods, due to a still sizable probability of policy mistake. And this despite its rather favorable economic environment and a cycle driven by strong U.S. activity.

At the Bank of England (BoE) meeting last Thursday, there was a unanimous vote to keep interest rates unchanged at 0.75% and maintain the stock of gilt and corporate bond purchases at GBP435bn and GBP10bn, respectively.

At the Bank of England (BoE) meeting last Thursday, there was a unanimous vote to keep interest rates unchanged at 0.75% and maintain the stock of gilt and corporate bond purchases at GBP435bn and GBP10bn, respectively.

Last week, President Trump hinted at a trade deal with China. He said that there has been some pro-gress in resolving trade tensions between the two nations and China was ready to make concessions.