We discuss the macroeconomic situation in UK in today’s Tip TV Finance Show, with Simon French, Chief Economist at Panmure Gordon, also joined by Alessio Rastani, Independent Market Trader at Leading Trader, and Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Highlights:
“BOE did preparatory work at the long end of the yield curve. Last week’s failed reverse auction was embarrassing, but market wasn’t ready for restart of QE.”
“BOE jumped the gun – data is in sharp contradiction to scaremongering, but note we are operating in the post-referendum environment, Brexit is yet to happen and won’t happen before next year’s German and French elections.”
“No one knows what would happen after Brexit… Carney has to remain ahead of the curve.”