UK Markets Chart Pack UK stuck between transatlantic policy divergence It now looks odds on that the US Federal Reserve presses ahead and raises interest rates next week, while on the other side of the English Channel, the ECB has already loosened policy further. The UK... 9th December 2015 · 1 min read
UK Markets Chart Pack Markets too dovish in expecting no rate hike until 2017 Markets expectations for the timing of the first hike in UK interest rates have moved significantly over the past month or so. While global market uncertainty in August had meant that markets were... 8th October 2015 · 1 min read
UK Markets Chart Pack Sterling looks vulnerable to renewed falls Recent turmoil in financial markets has seen UK interest rate expectations go on something of a rollercoaster ride recently. It wasn’t all that long ago that a rate hike this year still looked a... 10th September 2015 · 1 min read
UK Markets Chart Pack Demand for gilts weakens despite soft economic news Gilt yields have risen further over the last month despite the news that the UK has experienced deflation and the deterioration of some recent economic growth indicators. Their rise may partly reflect... 10th June 2015 · 1 min read
UK Markets Chart Pack Sterling vulnerable to renewed dollar weakness Sterling has rallied to a six-month high against the US dollar, reflecting relief that the UK is not mired in a period of post-election political negotiations and some slightly less dovish noises from... 14th May 2015 · 1 min read
UK Markets Chart Pack Markets underestimating potential election impact On the whole, the consensus view in the markets still appears to be that the result of the general election will not have major consequences for UK asset prices. If markets had become concerned, then... 22nd April 2015 · 1 min read
UK Markets Chart Pack Strong pound masks emerging election concerns On the face of it, markets appear to be taking the prospect of an inconclusive outcome from May’s general election in their stride. Indeed, markets have moved to price in a slightly faster pace of... 12th March 2015 · 1 min read
UK Markets Chart Pack Rate hike could still come sooner than markets think Markets have revised their expectations for interest rates significantly, such that they now expect the first rise in Bank Rate to occur in Q1 next year, some four months earlier than they did at the... 10th February 2015 · 1 min read
UK Markets Chart Pack Gilt yields hit new lows on growth, not deflation, concerns The decline in UK government bond yields – to record lows at the long end of the curve – appears to have largely reflected building concerns about growth, rather than deflation. While they have fallen... 15th January 2015 · 1 min read
UK Markets Chart Pack Yields on Gilts and Treasuries continue to decouple Over the last two months, yields on UK and US government bonds have decoupled, with 10-year yields in the UK now about 30bp lower than those across the Atlantic. Whereas strong US economic data and... 23rd December 2014 · 1 min read
UK Markets Chart Pack MPC may not wait as long as markets expect In the space of just three months, UK markets have pushed back their expectations for the first rise in official interest rates from February to November 2015. This may turn out to be an overreaction... 19th November 2014 · 1 min read
UK Markets Chart Pack Gilt yields grind lower despite UK economy’s momentum Gilt yields have continued to decline over the last month even though the UK’s economic recovery has maintained its healthy pace and overseas residents have been net sellers of gilts this year. The... 9th October 2014 · 1 min read
UK Markets Chart Pack Low inflation outlook pushes rates down UK markets have pushed back their expectations for the timing of the first interest rate hike to the second quarter of 2015, even though the latest surveys suggest that the recovery has remained... 8th September 2014 · 1 min read
UK Markets Chart Pack Markets unfazed by split MPC vote The frequently changing tone of the MPC’s communications has continued to buffet UK markets.However, the net effect of the dovish Inflation Report, the Governor’s more hawkish press commentslast... 20th August 2014 · 1 min read
UK Markets Chart Pack UK equities continue to underperform UK equities have continued to underperform relative to overseas indices despite the comparativestrength of the UK’s economic recovery. This seems to have partly reflected concerns that the UK... 16th July 2014 · 1 min read
UK Markets Chart Pack Markets jolted by MPC’s new tone The MPC’s recent hawkish comments have helped to push near-term interest rate expectations higher and have fuelled a further rally in sterling to its strongest trade-weighted level since October 2008... 23rd June 2014 · 1 min read
