There’s nothing unusual or unexpected about the Bank of England’s decision to cut rates by 25 basis points to 4.50% this month. As for the vote split, well that’s anything but.
Retail sales and industrial production figures for December have come in much weaker than expected. Although Hungary emerged from a technical recession in the fourth quarter of last year, this data ...
Admittedly, it is not entirely unpredictable, as the pattern emerging this week is very similar to the one we saw around 2018. It usually starts with some grand announcement, followed by an executive ...
However, the Trump 1.0 tariff experience from March 2018 to August 2019 showed that FX markets did learn to live with this new environment. Realised volatility fell through 2019 even as tariffs ...