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- nbfx commented Oct 20, 2022
They say that usually they would but on this occasion they didn't know everything.? with that being the case and in any event the usual form would be to wait till after it was in public domain amyway. One for the conspiracy theorists...?
BoE’s Cunliffe: 'Clearly a UK component’ what happened Sep 23rd in gilt market
- nbfx commented Oct 19, 2022
OK - so how on earth could you make any kind of decision to raise rates while missing a KEY piece of information. Wouldn't the better approach been to have postponed the meeting until after the budget was a known...?
BoE’s Cunliffe: 'Clearly a UK component’ what happened Sep 23rd in gilt market
- nbfx commented Oct 19, 2022
Isn't that a minefield. We've been discussing this for a while and we think the operating system of the economy needs to change to accomodate direct central investment into projects likely to generate growth and provide an exporting base once again. ...
Truss Faces Tory Rebellion If She Scraps Pledge on UK Pensions
- nbfx commented Oct 19, 2022
Well the last load of 'austerity' was the result of Blair/Brown largesse. This has been a Truss misadventure. Did it really work then (other than to impoverish the masses)? Will it work now (other than to further impoversih the masses)? The idea of ...
Truss Faces Tory Rebellion If She Scraps Pledge on UK Pensions
- nbfx commented Oct 18, 2022
Yes- we've seen it thanks. These are things we've discussed and discussed and discussed again, and we all believe that had there been an option of keeping the whole free trade area but ditching the rest via some kind of broader trade partnership ...
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
I think one of the biggest obstacles - even fears if you like - is that we went down that rout before and it morphed into something entirely diffent. I'm sure there are many that are wary that this (while on the surface be a route to an FTA with EU) ...
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
That is indeed something we DO agree on. In our office we all agree its gone so far outside the realms of belief we're actually not really surprised by any of the calamities. That's a bad situation in anyone's book! Talking of which - we run a ...
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
There are many things that you and I don't agree on and that is healthy, but that the government has its head up its rear end isn't one of them.
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
I don't think for two seconds that this new idea the EU has is a solution to anything. Even within the EU itself there are massive fissures that can-not easily be reconciled (if at all!) To get back to being an independant trading nation requires us ...
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
One can very easily argue that the political machinery of UK's failure to accept the referendum result and to try to nullify/spoil that result was the start of a new slippery slope. I've yet to see (at a political level) anyone actually properly ...
UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...
- nbfx commented Oct 18, 2022
In the current climate I would expect few takers.
Japan's 20-year govt bond yield hits 7-year high, auction sees weak demand
- nbfx commented Oct 18, 2022
BoE aren't gonna want to be selling into a jittery market that's already needed supported after expectations of massive HMG selling coming down the road. The fact that a large proportion of HMG issuance is no longer on the cards doesn't mean that ...
BoE Set To Further Delay Quantitative Tightening Until Gilt Markets Calm - FT
- nbfx commented Oct 17, 2022
How far he will go (or can go for that matter) to shoring up both the financial hole and the reputation remains to be seen. Strikes us he has a bigger task than he realises ahead of him and very few possibilities in how that might be accomplished. ...
Pound Rallies as Traders Eye Shift in Fiscal Stance Under Hunt
- nbfx commented Oct 16, 2022
That aboslutely concurs with our thinking. We've spent significant time working 'What If's' and what repositioning we still need to accomplish (not an easy task across a range of markets). And yes - Asia is probably going to hold sway on how we ...
Truss Brings In Rival Who Could Steady the Ship, or Take Her Job
- nbfx commented Oct 15, 2022
What do you reacon - Truss beyond redemption? Hunt for no 10?
Truss Brings In Rival Who Could Steady the Ship, or Take Her Job
- nbfx commented Oct 14, 2022
More likely can not find any Tory who wants to be anywhere near her. She's tainted. Jeremy Hunt is a political has been, so one last hurrah is probably a change to the dreariness of his existance. But anyone with any ambition (or ability - seemingly ...
UK's PM Truss and Chancellor Kwarteng to announce mini-budget u-turn today - Time
- nbfx commented Oct 14, 2022
Agree - someone needs to be the scapegoat!
UK's PM Truss and Chancellor Kwarteng to announce mini-budget u-turn today - Time
- nbfx commented Oct 14, 2022
Tory default swaps! Gotta be the way to go!!!Long-end yields ease on hopes of UK fiscal policy U-turn
- nbfx commented Oct 14, 2022
Central banks are always behind the curve, the current incumbents are no different to their predecessors. And since the IMF have been at it - it's a rare thing that they ever have anything even remotely useful to add....
Top economist David Rosenberg predicts US inflation will plummet below 3% next year - and...