Category Archives: Bank of England
The 10 “Grey Swans” Events For 2018
One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura’s Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan. As Hafeez writes, while he would like to be […]
Bank Of England Warns The UK: ‘Economic Collapse’ If UK Keeps Borrowing Money
The Bank of England is putting the United Kingdom on alert. Should the UK keep borrowing money, there will be a “Venezuela-style” economic collapse that will devastate normal citizens. A senior Bank official has warned that the UK’s economy would be unlikely to survive borrowing any more cash. Richard Sharp, a member of the Bank’s Financial Stability […]
Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years
The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining why UK inflation is more than 1.0% above the target of 2.0%. The market had […]
FX Weekly Preview: Looking For A Rise In Vol As The Fed Finally Makes Their Move – So We Can All Move On
Submitted by Rajan Dhall MSTA and Shant Movsesian from fxdailyterminal.com In the absence of key economic data, we tend to see heightened levels of containment in the FX markets, where the heavy presence of system (algo) traders require constant direction in order to drive price action one way or the other. We have also been […]
London House Prices Reach Record Unaffordability
Earlier this month, we noted further evidence that London’s housing bubble is bursting. In its October 2017 survey, the Royal Institute of Chartered Surveyors (RICS) reported the largest proportion of respondents seeing a drop in London house prices versus the previous month since 2009. The net balance was nearly two thirds (-63%) in favour of […]
Frontrunning: November 28
Traders await Powell hearing; Brexit doubts grip pound (Reuters) Fed nominee Powell, once hawkish, now champions Yellen’s focus on jobs (Reuters) Tax drama intensifies as bill faces key vote (Reuters) Trump Appointee Asserts Control Over CFPB for Now (WSJ) Senate Bill in Limbo Amid Budget Panel Drama (BBG) Tough OPEC meeting looms amid specter of […]
As Bitcoin Nears $10,000 “Central Banks Kept Up At Night”
The price of the largest cryptocurrency soared 16% over the weekend, bursting through $8,000 and $9,000 at a record pace and nearing the Maginot Line so many predicted at $10,000. image courtesy of CoinTelegraph $0000 – $1000: 1789 days$1000- $2000: 1271 days$2000- $3000: 23 days$3000- $4000: 62 days$4000- $5000: 61 days$5000- $6000: 8 days$6000- $7000: […]