That’s what the seasonal bias says from a historical event perspective. Over the last 23 years, the seasonal pattern around a Bank of England Rate hike looks like this on…
The outlook for the UK remains bleak with the Bank of England projecting 5 quarters of recession. On top of this, the UK is in a bleak political phase. The…
Last week’s UK budget marks a return to austerity. The key sentiment of Chancellor Jeremy Hunt’s statement was that the UK now intends to live within its means. There were…
What a difference a new Prime Minister has made to the Bank of England! The Bank of England hiked rates by 75 bps to 3% last week in the biggest…
Major central bank rundown It’s time for your central bank catch up. The link to the latest statement is at the bottom of each section, so just click there to…
This week the BoE and the Federal Reserve both met and both had divergent views on the terminal rate for each country. The Fed hiked by 75bps as expected, but…
The bond market is the truth. So goes the old saying. It is also very helpful. Bond traders are often looking ahead and signs of stress in markets often appear…
This is an art form and a way of trading at market extremes. By definition, trading contrary opinion is a way of trying to catch market turning points. Recently, when…
The latest mini-budget from the UK sent gilt markets into a sharp fall and the GBP had its own mini crash. Why should fiscal stimulus be seen as so negative…
On Thursday, the Bank of England meets and a 50bps rate hike is fully priced in. A 75bps rate hike is seen by short-term interest rate markets as having an…