Forecast

Facial recognition technology is getting massive funding in China

Global investors, including U.S. hedge funds, are increasingly cashing-in on China’s demand for increased state surveillance through smart CCTV cameras that can track and monitor suspects, including dissidents and activists, with a disregard for individual’s rights. As far as the business side of things are concerned, according to IHS Markitt, China’s surveillance industry grew by an annual compound rate of 12.4% and is set to maintain this neck-breaking-pace upto 2021.

HSBC forecasts two hikes in interest rates within the next 12 months

According to analysts at HSBC, with the Bank of England deciding to join the other G10 central bankers in the decision to ease off accommodative monetary policy, it is likely that it will act as a wind beneath the sterling’s wings and lift it by at least 15 cents by the end of this year. Surprisingly the Sterling has largely ignored the political intrigue of Brexit, through much of 2017.