British Pound

Is the US in a wage-price inflation spiral that could lead to more aggressive Fed rate hikes? Is it time to buy UK Gilts after a wild month of volatility? We answer "no" to both questions, as we discuss in this week’s report.

Is the BoE’s emergency intervention in its bond market a British idiosyncrasy that global investors can ignore? No, the UK’s near death experience sends three salutary warnings, with implications for all investors.

In this report, we assess that sterling likely bottomed below 1.04. We expect volatility in the currency to remain in place but are buyers below current levels. On balance, there is a tug of war between irresponsible fiscal policy and the pound as a global reserve currency. This will create a buy-in opportunity for investors who missed the latest dip.

This week’s <i>Global Investment Strategy</i> report titled Fourth Quarter 2022 Strategy Outlook: A Three-Act Play discusses the outlook for the global economy and financial markets for the rest of 2022 and beyond.

Executive Summary Upward Repricing Of Bond Yields Continues Upward Repricing Of Bond Yields Continues…

Dear client, Next week’s report will be on European assets, authored by my colleague Mathieu Savary. We will send that to you Monday, September 26. In that report, Mathieu looks at the European energy market in depth, and concludes the eurozone will survive the winter, but with critical tests in…

Listen to a short summary of this report     Executive Summary GIS Projection For The EUR/USD It’s Time To Buy The Euro…

Listen to a short summary of this report.     Executive Summary Chart 1The Dollar Has Broken Below The First Line Of Support The Dollar Has Broken Before The First Line Of Support…

Executive Summary The Dollar And Volatility The Dollar And Volatility…

Executive Summary Is Relative Inflation Peaking In The US? Is Relative Inflation Peaking In The US…