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No change in message means no change in curve flattening bias for nowThe spillover into other markets was limited in the end, but the higher-than-anticipated UK inflation data yesterday is a reminder...
The GBP/USD has found a new breath in recent days as the currency dominates the FX space heading into the Bank of England (BOE) meeting this Thursday. GBP/USD is hovering around a 14-month high, just...
GBP/USD hovered around a 14-month high vs the U.S. dollar at the start of this week. Traders and investors are looking at the Bank of England and wondering if its rate decision will fuel the uptrend...
There has been little follow-through from the dollar selling we saw late last week. Currently, global markets present a curious picture of steeply inverting yield curves – which occasionally...
Markets are pricing almost six more rate hikes from here, and while we doubt the Bank of England would endorse that, we don't think it will want to push back heavily either given the recent tendency...
USD: Progress on debt deal allows markets to focus on another Fed hike After long weekends in many parts of the world, FX markets are returning to some progress on the US debt ceiling. President Joe...
Fed June optionality is already priced by the US curveLack of tangible progress in debt ceiling talks helped to draw a line under the global bond market sell-off late in yesterday's session, and we...
Talk about the US debt ceiling is starting to heat up. US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce an...
Hawkish inflation and wage data last month point to another 25 basis-point rate Bank of England rate hike on Thursday. But the Bank's recent emphasis on the lagged impact of past tightening suggests...
USD: Be careful chasing the dollar reboundThe release of quarterly earnings in the US continues to paint a better picture for American corporates, with big tech companies beating estimates yesterday....
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