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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This Week in Macro: NFP, BOJ, EZ GDP - Short UST/JGB, Long Argie/Turkey, US Midterm Tail Risk Trades
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Initiate strategic short 10yr USTs and JGBs...
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Preview: BoE Holding Out for Brexit News
The UK economic outlook remains bifurcated by EU withdrawal negotiations. Until the BoE knows the outcome and reactions to it, any guidance can...
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Preview: UK Splurging the Surplus Before Brexit
The UK's 2018 Budget must balance good fiscal news against a significant spending commitment to the NHS. I expect borrowing projections to become...
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FLASH: UK Sales Snap Back Down to Trend in Sep-18
UK retail sales were a little disappointing in September by falling 0.8% m-o-m, but this was merely a quicker than expected snap back to its...
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