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    What’s another Ten Billion?

    Macro Commentary Alan Hill -
    ECB finds more bad loans One of the major issues to be faced by the ECB once the whole QE and monetary policy saga unwinds...

    Trump Continues Trade Offensive

    Macro Commentary Alan Hill -
    Chats with Merkel and Macron to drum up support In a rare show of the need for consolidated action, President Trump apparently contacted the leaders...

    Is Global Growth Sustainable?

    Macro Commentary Alan Hill -
    G7 Central Banks eye a return to rate normality When the global financial crisis hit, and Central Banks realized that they had to act decisively...

    Ranges Intact in Short Week

    Macro Commentary Alan Hill -
    Sterling shrugs off Brexit concerns Last week was a good week for the UK economy, Sterling and Brexit. If what has been happening in the...

    Trump Drives Risk Aversion.

    Macro Commentary Alan Hill -
    Fighting a battle he cannot win. Donald Trump likes issuing Presidential memoranda. It appears to give him a sense of the dictator, a role he...

    What goes up! Sterling still looks fragile.

    Macro Commentary Alan Hill -
    Sterling still looks fragile. I cannot decide if it is me, or the pound, that is having an “Emperor’s New Clothes moment”. I suppose only...

    UK: Unemployment Falls, Average Salary Grows. GBP up!

    Macro Commentary Krzysztof Wiwatowski -
    At 10:30, the UK Office for National Statistics (ONS) published data for January from the local labor market, where unemployment fell to 4.3% after...

    Monetary Policy to the fore. Could Powell be the next departure?

    Macro Commentary Alan Hill -
    Let’s start with a little speculation. Given the “revolving door” policy that Donald Trump seems to be using to try to find a settled Cabinet,...

    One Step is just One Step.

    Macro Commentary Alan Hill -
    Not necessarily forward The UK and EU announced that an agreement has been reached over the transition period that will follow the UK’s departure from...

    UK to agree shorter transition.

    Macro Commentary Alan Hill -
    Davis slips a major concession into conversation It has been a feature of Brexit negotiations that the market seems to slip into an optimistic frame...
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