Opinion – Wednesday 20 September 2017

US President Trump’s 40 minute address to the UN, in which he described N. Korea leader Kim Jong UN as “Rocket man on a suicide mission for himself and his regime” was the highlight of one of the quietest trading sessions so far this year. FX market response to...

Opinion – Tuesday 19 September 2017

Both Sterling and the Canadian Dollar closed lower on the  latest Bank of Canada and Bank of England utterances, helping the US Dollar move ahead again aided too by modestly higher US Treasury yields (10s +2bps to 2.23%). These moves lower saw the Australian Dollar...

Opinion – Monday 18 September 2017

Another day on and Sterling has again been the star performer in the currency markets. Following on from Bank of England Governor Carney’s warning that the BoE might have to adjust policy in coming months, MPC member Gertjan Vlieghe – regarded as dovish untill...

Opinion – Friday 15 September 2017

While the market’s focus was expected to be primarily on the US CPI print for August, there was much more market action across the Atlantic with Sterling soaring on the back of a near term Interest Rate rise warning from the Bank of England. Although the BoE left its...

Opinion – Thursday 14 September 2017

While equity markets had day of consolidation, the USD and US Treasury yields had a decent move higher aided by increasing hopes over US Tax reform. However, nothing concrete has been announced, but there is a growing feeling that something will be done amid Trump’s...

Opinion – Wednesday 13 September 2017

The risk on tone continued yesterday with the S&P500 hitting another record high (+0.3%), Bond Yields rose across the board (US Treasuries +3.7bps), while the US Dollar held onto Monday’s gains. Outperforming was Sterling (+0.9%) on the back of stronger than...