Macro Economy: Foreign Exchange

The hawkishness of the U.S. Federal Reserve at its December meeting set the tone for markets in December, even as there is clear evidence that inflationary pressures are easing across large swaths of the developed world.

This article from Fortune puts the impact of a strong US dollar into focus and explain why it greatly increases the chance of a global recession next year.

For investors and consumers both in Britain and outside of Britain, a falling British Pound creates both risks and opportunities. This article from the Associated Press gives a good primer on what a falling Pound means.