Return of the Taper Tantrum In almost perfect alignment with the turn of the British summer weather, capital markets turned distinctly soggy over the past week. This, however, can for once not be blamed on the lately so hapless prime minister, nor Brexit. It is simply the result of disoriented markets and unfortunately quite aligned… Read more »
Quo Vadis – where to – Britain? It is almost exactly a year since Britain’s electorate voted to leave the EU. In the 12 months since, extraordinary consumer resilience first catapulted the UK to the top of the G7 growth league and then returned the nation down to the bottom end. Likewise, in politics, what… Read more »
Central Banks – None the Wiser While politics and another desperately sad case of corporate man-slaughter dominated UK news, economics at home and abroad were dominated by central bank policy action, in-action and signs of rate setting committee dissent. Unwinding of QE – first appearance on the horizon While there were no real surprises… Read more »
Strong and stable? On 18 April, when PM Theresa May announced that she would ask the UK’s electorate to give her an enhanced Brexit negotiation mandate by way of an early election, my (well documented) view was that she would improve her majority and this should in turn be positive for the UK’s Brexit negotiation prospects,… Read more »
Expected and unexpected turns of events May brought global multi asset class investors a welcome boost of their 2017 year to date returns. With reports of strongly growing corporate profits over the first quarter of the year, global investors appeared happy enough to abandon the ‘Trump Trade’ as the justification for their ‘risk-on’ attitude and… Read more »
