Insights
Your weekly economic update from the team at FXD Capital US US consumer prices rose 6.2% in the 12 months to October 2021, with Wednesday’s figures continuing the year-long trend of spiralling prices and fascinations with used cars. Off the back of the print, USD strengthened to its highest levels against EUR and GBP since […]
Insights
Your weekly economic update from the team at FXD Capital On Thursday, the Bank of England called everyone’s bluff and kept interest rates unchanged at 0.1%. The decision was a strange mixture of surprise and inevitability; while the market had been pricing in a rise to counter recent inflation danger, there was also the sneaky […]
Insights
Your weekly economic update from the team at FXD Capital UK Chancellor Rishi Sunak’s Autumn budget was surprising on several levels. Expectations were for further pain from tax increases painted against a backdrop of austerity, but in the end, the budget presented was broadly expansive. Unexpected breathing space was provided by the economy beating various […]
Insights
Your weekly economic update from the team at FXD Capital Over the weekend, Bank of England governor Andrew Bailey spoke to the G30 group of central bankers. In the discussions, he remarked that the bank would “have to act” to curb inflation. The pressure of rising energy prices and supply chain issues is coming to […]
Insights
Your weekly economic update from the team at FXD Capital US consumer prices rose 5.4% year-on-year in September, notching up their fifth consecutive month of prints over the 5% mark. Despite sustained data pointing towards an acceleration towards monetary policy tightening, markets enjoyed a relatively drama-free week. Past August, equities have been entering bear market […]
Insights
Your weekly economic update from the team at FXD Capital Markets saw a skittish week stimulated by the relentless rise of energy prices, which naturally resulted in bond yields following in step. The US 10-year yield is at 1.53%, a three month high and consequently, long-duration stocks (tech et al.) have seen a retreat this […]
Insights
Your weekly economic update from the team at FXD Capital Stagflation is the word on lips at the moment as we enter Q4. While inflation expectations have ebbed between transitory and persistent, as lives are increasingly touched by inflation, it is the latter sentiment which is starting to prevail. It looks like the UK is […]
Insights
Your weekly economic update from the team at FXD Capital UK On Tuesday, UK house prices by Nationwide building society were released showing a considerable rise in monthly prices in August of +2.1% on the month, following on from an increase by 0.6% in July. House prices have been forecasted to increase each month by […]
Ratings Actions
Moody has updated its methodology for rating banks. In the update, Moody’s has revised certain elements of its Advanced Loss Given Failure (LGF) framework. In particular Moody’s has unified its treatment of Additional Tier 1 (AT1) capital instruments within the LGF framework that removes the distinction between low and high-trigger AT1 assets. Moody’s has also […]
Insights
Your weekly economic update from the team at FXD Capital News US and European stocks recorded new all-time highs this week and demand for the Pound remains strong with the Bank of England now expected to be the first major central banks to raise rates next year. Strong data in the US also increases the […]