Opinion – Thursday 14 March 2019

The UK parliament has voted by just four votes – to support the so-called Speldman amendment which rejects a ‘’no deal’’ Brexit in clearer terms than the Prime Minister’s own motion. Yet the Prime Minister’s own motion rejecting leaving without a deal has also...

Opinion – Wednesday 13 March 2019

Brexit has continued to dominate the markets’ attention in the past 24 hours, with a new deal yesterday then the vote on that deal in the House of Commons last night. A vote on the revised further 11th hour deal nutted out between Prime Minister May and Juncker has...

Opinion – Tuesday 12 March 2019

It has been a risk on past 24 hours with US equities leading the gains within developed markets.  A better than expected January US Retail Sales print has been one supporting factor despite downward revisions to what was already a soft December number. The US Dollar...

Opinion – Monday 11 March 2019

Friday saw a quite a quite shocking miss on US Non-Farm Payrolls of just +20k, but the number needed to be seen in context of an exceptional January print (revised up to 311k) and weather-related hits to the likes of the construction sector (e.g. the Household Survey,...

Opinion – Friday 8 March 2019

While the market was expecting something from the ECB, some combination of a possible new TLTRO (maybe that could come later), a possible change in rates forward guidance, and some revision to growth and inflation forecasts, it served up all three with gusto. The read...

Opinion – Thursday 7 March 2019

The cautious mood evident since the start of the new month continued yesterday and again overnight not helped by softer US data releases. US equities closed  lower for a third consecutive day while US Treasury yields are lower across the curve with the 10y tenor back...