FLASH: UK Oct-18 PMIs Corroborate Q4 Slowdown
The UK’s services PMI dropped by 1.7 points to 52.2 in Oct-18. Together with a dip in the manufacturing PMI, it indicates a slowing below the...
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This Week in Macro: US Midterms, FOMC/RBNZ/RBA - Short EUR-GBP, AUD-NZD, Long SPX If Dems Disappoint
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: We focus on relative value FX trades this...
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FLASH: UK Manu’ Surveys Slow Together in Oct-18
The UK’s manufacturing PMI fell to 51.1 in Oct-18, which is its lowest level since it rebounded from the referendum result in 2016. This decline...
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FLASH: BoE Temporarily Treads Water in Nov-18
The MPC voted unanimously to leave policy unchanged in November. Inflation forecasts were maintained rather than being trimmed, contrary to my...
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UK Budget: Surplus Splurged
The 2018 Budget accounted for the previously announced spending splurge on the NHS and was otherwise broadly neutral. It was paid for by recent...
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