GU down as expected
Comment:
Comment:
The reason GU to move lower today.
Germany's BDI: German firms in the UK must make provisions for possibility of very hard Brexit.
source: twitter.com/SigmaSqu...s/915837788079247361
Germany's BDI: German firms in the UK must make provisions for possibility of very hard Brexit.
source: twitter.com/SigmaSqu...s/915837788079247361
Comment:
From BOE's McCafferty
That's kinda like saying that it's only an option, not the base case. Sounds dovish but cable is, instead, taking it as reminder that a rate hike is on the table and it's up a handful of pips. I think that reaction is the wrong one.
Other headlines:
Markets had previously misread BOE as having its hands tied until Britain left the EU
Monetary policy can do little to offset likely weaker real income growth
No need to consider starting to reverse QE until after "several" rate hikes
Economic slack likely to disappear quiet quickly
Some signs that global economy is beginning to normalize
That's kinda like saying that it's only an option, not the base case. Sounds dovish but cable is, instead, taking it as reminder that a rate hike is on the table and it's up a handful of pips. I think that reaction is the wrong one.
Other headlines:
Markets had previously misread BOE as having its hands tied until Britain left the EU
Monetary policy can do little to offset likely weaker real income growth
No need to consider starting to reverse QE until after "several" rate hikes
Economic slack likely to disappear quiet quickly
Some signs that global economy is beginning to normalize
