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In One extreme to another: A price worth paying? (6 July 2018), I argued that in recent years it had been incumbent on governments to tackle the negative side-effects of central banks’ arguably extreme, post-financial crisis measures. Unsurprisingly perhaps heads of state have if anything become more vocal and prominent, with in particular US President Trump continuing to dominate headlines
Read moreUK financial markets have been remarkably stable in the past month despite having to contend with a plethora of macro data, UK-driven events and global developments. The FTSE 100 has traded in a narrow 3.4% band since mid-June, market pricing for a rate hike at the Bank of England’s policy meeting on 2nd August has oscillated between 15.5bp and 19bp
Read moreDeveloped and emerging market central banks have started to “normalise” monetary policy, albeit at a slow pace. However, they have been largely powerless to deal with the negative side-effects of their arguably extreme, post-financial crisis measures. It has thus been incumbent in recent years on governments to tackle issues such as modest wage growth and income inequality, as well as
Read moreUS President Trump and North Korean leader Kim Jong un have made it to the start line of a long and challenging marathon and financial markets’ reaction to the much awaited and historic Summit in Singapore has quite rightly been muted. Markets are for now likely to refocus their attention on i) Escalating tensions between the US and major trading
Read moreThe next eight days could prove pivotal for global markets. At the very least the G7 Leaders Summit (8-9 June) and meeting between Trump and Kim Jong un (12th June), Fed and ECB meetings and tier-1 macro data could set the tone near-term for currencies which in recent weeks have alternated between schizophrenic and composed. G7 Summits have in recent
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