Recession fears trouble markets
Recession fears trouble markets

It has been another strong week for the pound, with GBP/USD testing the 1.2500 region once again. The move higher has been all the more noteworthy, given that most of the UK news flow has been on the negative side. Our good friends at the IMF continue to believe that...

Recession fears trouble markets
Recession fears trouble markets

With both the Fed and ECB raising rates by another 25bps, markets believe that the BoE will replicate next week, raising UK rates to 4.5% in the process. That would be the twelfth straight meeting in which the BoE have raised rates. Much the same as with this week’s...

Recession fears trouble markets
Recession fears trouble markets

With both the Fed and ECB raising rates by another 25bps, markets believe that the BoE will replicate next week, raising UK rates to 4.5% in the process. That would be the twelfth straight meeting in which the BoE have raised rates. Much the same as with this week’s...

Recession fears trouble markets
Recession fears trouble markets

Having bucked the broader trend and surprisingly increased during the previous month, Nationwide House Prices declined by the fastest pace in 13 years last month, highlighting the negative impact to the market from the plethora of BoE interest rate hikes over the...

The dovish side of hawkish | Weekly Brief 01/04/22
The dovish side of hawkish | Weekly Brief 01/04/22

We are just a few days away from the queen appointing our new prime minister (PM), with Liz Truss the clear leader amongst...

Currency Wars | Weekly Brief 23/09/22
Currency Wars | Weekly Brief 23/09/22

The latest interest rate hike from the Bank of England (BoE) Yesterday (Thursday) came out as expected, with another 50bps increase,...

The dovish side of hawkish | Weekly Brief 01/04/22
The dovish side of hawkish | Weekly Brief 01/04/22

Fortunately, it was a much calmer week for UK assets, after the highly volatile week that had preceded it. Absolute ranges for the pound and gilt yields were far more constrained,...

The dovish side of hawkish | Weekly Brief 01/04/22
The dovish side of hawkish | Weekly Brief 01/04/22

It has been another tough week for all things UK. With both the government and the BoE saying that they intend to stick to their guns, this has resulted in some choppy...

Always bet on the lettuce | Weekly Brief 01/04/22
Always bet on the lettuce | Weekly Brief 01/04/22

The much-anticipated Autumn budget statement, announced by UK chancellor Jeremy Hunt yesterday (Thursday), delivered a substantial...

Always bet on the lettuce | Weekly Brief 01/04/22
Always bet on the lettuce | Weekly Brief 01/04/22

GBP/USD reached an impressive three-month high at over 1.2150 this week, which seems incredulous really given the persistent negativity that seems to surround all things to do with the UK economy...