Sentiment Remains to the Upside but Headwinds Persist

Last week it was a mixed week both in terms of data and sentiment. Starting with the downside, Covid-19 concerns and Chinese tensions increased. There was a rise in Covid-19 cases in several countries last week. The US recorded a record high of close

2020-07-06T16:31:00+00:00July 6th, 2020|

Sentiment Takes a Dive Ahead of US Independence Day Weekend

Last week the focus was firmly on the prospects of a second wave of COVID-19 in the US. Last Monday in New York City, restaurants resumed sit-down service with outdoor-only seating. However, on Thursday, the US reported a new record for daily COVID-19 cases,

2020-06-29T16:22:54+00:00June 29th, 2020|

Sentiment Shifts Towards Risk-Off Due to Brexit

Last week was a volatile one in markets. Equity markets continue to fluctuate amid signs of improving economic conditions as lockdown restrictions ease and concerns that Covid-19 cases are rising again in some countries. Two weeks ago, there was a sharp sell-off in equities

2020-06-22T15:19:10+00:00June 22nd, 2020|

“Risk On” Overshadows Lack of Progress in UK/EU Trade Talks

Sterling rallied last week despite the lack of progress in the UK/EU trade talks. The “risk on “tone took centre stage downplaying the negative sentiment surrounding the UK/EU trade talks. Equity markets surged with several markets up by more than 8% for the week.

2020-06-22T15:03:48+00:00June 8th, 2020|

Market to Focus on UK/EU Trade Talks Whilst US Unemployment Could Hit 20%

Last week Sterling manged to reclaim some of the losses of recent weeks as comments from various BoE officials helped taper concerns of the prospect of negative interest rates ahead of the economy preparing to reopen. Today, schools reopen their gates to a limited

2020-06-22T15:05:07+00:00June 1st, 2020|

UK Continues to Debate Negative Rates, Cummings and Further Relaxing of Restrictions

Last week, Sterling remained resilient despite being under pressure. The topic of negative interest rates continues to dominate the market concerns for the UK. During a testimony to the Treasury Select Committee, Governor Bailey stated that the bank does not rule out any instrument

2020-06-22T15:06:43+00:00May 26th, 2020|

Sterling Slides on Economic Sentiment and Lack of Progress from Trade Talks

We saw the US Dollar strengthen across the board last week as a “risk off” tone took effect in global markets. The change in sentiment was driven by concerns surrounding the speed of economic rebound as well as the growing tensions between the US

2020-05-18T16:01:21+00:00May 18th, 2020|

UK lockdown plans released as BoE leaves door ajar for more stimulus

Markets were focused on three key events last week, the Bank of England rate decision, PM Johnson’s statement regarding the lockdown, and from the US, the labour data figures. Looking further afield, key economic data across the major economies remained negative last week but

2020-05-11T12:21:20+00:00May 11th, 2020|

Market Weathers Weak Data Readings as it Waits for the Monthly US Labour Data on Friday

Last week was a calmer week in turns of economic data. Whilst economic readings remains to the downside, the market has been prepared to weather very weak near-term economic data, with the hope that the second half of the year bounces back as lockdown

2020-05-04T14:31:16+00:00May 4th, 2020|