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|

Data in Review, PM Johnson Returns and Possible Lifting of Lockdown Restrictions

Sterling saw a souring of sentiment last week as concerns over economic data and Brexit trade talks grew. Taking a look at the economic data, whilst weak readings were expected, reality actually saw figures fall below even that expectation, with PMI data from the

2020-04-28T10:30:58+00:00April 27th, 2020|

Economic Outlook Q2 2020: What Happens Post COVID-19?

COVID-19 results in global shutdown Our Quarterly Report provides context on the UK, US and Eurozone markets of last quarter and highlights what we believe will be the focus of each of these regions over the coming months. In this report we will focus

2020-05-15T16:30:14+00:00April 16th, 2020|

Lifted Lockdown Restrictions Watched for Green Shoots

Reviewing the economic data from last week: European markets return after the Easter break with a sense of cautious optimism. Whilst the number of global Covid-19 cases topped 1.5 million there is a sense that the curve could be flattening, with China already easing

2020-04-14T15:35:55+00:00April 14th, 2020|

US Labour Data Remains in Focus

Data releases from around the world this week showed the growing impact of COVID-19 on economic output. March PMIs for many countries in Asia, Europe (including the UK) and North America pointed to big falls in both manufacturing and services activity. However, it should

2020-04-14T15:40:32+00:00April 7th, 2020|