UK: Chancellor Still Spiking the Punch Bowl
The government’s support package needs to move on to encouraging an efficient reallocation of resources to what the post-Covid world needs. A...
283 Views
Sell USD Rally Attempts
Dollar Index (DXY) (DXY CURNCY) sell strength near 98.00-50 in line with the Euro near 1.1120 (between 1.12 and 1.1120). Macro conviction is to...
301 Views
UK: Recovery Lags in Most Sectors Through June
The rebound in some survey balances and sectoral indicators has raised relatively bullish expectations about the recovery. However, balances are...
298 Views
Risk Aversion, Not Panic, in Face of Uncertainty
Major currencies, equity markets and the price of crude oil since 8th June – the cycle low in the US Dollar – have exhibited reasonably limited...
529 Views
UK: VAT Cut Is a Feasible Folly
Recent reports indicate the government is considering a temporary VAT cut, despite historical evidence that it makes little difference to UK...
299 Views