Sterling vs gilts
Compare and contrast. The yield on the UK 10-year gilt falls below 3 per cent for the first time since November on Tuesday morning…Continue reading: Sterling vs gilts
View ArticleSelling Italy, buying UK [updated]
Compare…. Continue reading: Selling Italy, buying UK [updated]
View ArticleA sterling safe haven
Here’s a safe haven idea you may not have thought of. The Great British Krona.Continue reading: A sterling safe haven
View ArticleBoE MPC minutes – market reaction and comment
The Great British Krona has taken a knock following the publication of the September MPC minutes. Continue reading: BoE MPC minutes – market reaction and comment
View ArticleDon’t blame us for the Great British Krona
Please, please, please don’t accuse the Bank of England of getting involved in currency wars. It hasn’t deliberately deflated the Great British Krona Sterling in the past couple of years. In fact,...
View ArticleWhy sterling just got splattered
Impressive move following the Bank of England rebooting QE… Continue reading: Why sterling just got splattered
View ArticleSterling corporate bond issuance surges
Sterling corporate bond issuance is soaring, but euro-denominated bond sales are at a six-year low, reports the FT. UK and international companies have sold more than $42bn worth of...
View ArticleM&Aybe a reason for a resilient pound?
So, the UK has apparently been the most targeted nation for inbound M&A in 2012 so far, coming out on top in both nominal terms and as a percent of GDP. He argues:Continue reading: M&Aybe a...
View ArticleKrona watch
The collapse in sterling is really quite eye-catching. Just in time for summer… Continue reading: Krona watch
View ArticleA sterling inflow
So, would a sovereign downgrade hurt sterling? And if so, how much? It’s hard to model this as historic comparisons are muddy and sterling crosses each obviously carry their own difficulties. Consider...
View ArticleThe wonders of the FX universe
Dark matter may more commonly be associated with physics, space exploration and Professor Brian Cox, but, according to Deutsche Bank’s FX strategist George Saravelos, there’s a good chance that it’s...
View ArticleThursday con Carney [updated with written evidence]
It’s Carney live. We know George Osborne is frustrated excited. Mark Carney, the next Governor of the Bank of England and the man Osborne once called “quite simply the best, most experienced and most...
View ArticleA Minutes worth of sterling freefall [updated]
Here’s the dovish BoE minutes that started sterling sliding (click through for the pdf):Continue reading: A Minutes worth of sterling freefall [updated]
View Article‘This downgrade is nonsense!’
That’s the considered opinion of Julian D. A. Wiseman (most recently head of UK rates strategy at Société Générale but writing on his personal blog here) on the Monday after Moody’s cut its credit...
View ArticleCurrency moves contextualised
That’s the euro down 0.4 per cent or so against the dollar and crossing the $1.30 mark. Sterling (aka the Great British Krona) is also continuing its torrid start to 2013, losing another 0.9 per cent...
View ArticleWith great power etc
This does smack of desperation, doesn’t it? From the FT on Thursday morning: Osborne will use his Budget on March 20 to reinforce his message of “fiscal conservatism and monetary activism” by...
View ArticleBreaking bad
Rising inflation expectations and a diving Great British Krona helped another leg downhill on Tuesday by dire production data. Continue reading: Breaking bad
View ArticleKrona post the first Carney-val [updated]
That’s sterling off 1.2 per cent at pixel… with the weaker currency and generally loose tone of the statement below pushing the Footsie up some 2 per cent. Here’s the statement that started the dive...
View ArticleOne very large divergence please (with a dollar chaser)
According to Nomura, since 1980, there are only two periods of economic divergence — between the US and Europe and the UK — comparable to what we are observing currently. Continue reading: One very...
View ArticleSterling’s path, now with guidance
Have a chart from HSBC which, once the key is provided, will explain sterling’s weakness, probably: Before we get there though we should touch back on Carney’s forward guidance thing, of which there...
View Article
More Pages to Explore .....