UK Economics Update Stronger data required for more rate hikes The Bank of England followed the Fed’s example by forging ahead today with a 25 basis point (bps) interest rate hike, taking rates from 4.00% to 4.25%. This could prove to be the last hike of the... 23rd March 2023 · 3 mins read
UK Economics Rapid Response Bank of England Policy Announcement (23rd Mar.) 23rd March 2023 · 2 mins read
US Economics Update Fed plays for time with dovish hike The 25bp rate hike and new projections unveiled by the Fed today were towards the more dovish end of potential outcomes. Despite recent strong economic data, officials acknowledged the likely hit from... 22nd March 2023 · 3 mins read
Capital Daily Equity rally amid bond volatility seems complacent The recent resilience in US equities is at odds with the surge in volatility in Treasuries. While the macro outlook is especially uncertain at present, we find it hard to envisage a scenario in which... 22nd March 2023 · 6 mins read
US Chart Pack Crisis easing, but economic damage yet to be felt Recent data suggest the economy’s strong start to the year was mostly sustained in February, with consumption growth set to accelerate in the first quarter, payroll employment growth robust and... 22nd March 2023 · 10 mins read
Asset Allocation Update Equities stuck between a rock and a hard place Although recent strains in the banking sector mean that the economic outlook is especially uncertain, in our view equities are unlikely to perform particularly well, regardless of how things play out. 22nd March 2023 · 4 mins read
UK Commercial Property Update How much of a risk does UK CRE debt pose? The UK commercial real estate (CRE) debt market seems to be in a better position than the US, where troubled regional banks were the main providers of finance. That said, credit conditions are also... 22nd March 2023 · 3 mins read
UK Housing Market Focus The impact of the end of Help to Buy on home ownership The Help to Buy: Equity Loan scheme was designed to counter an alarming drop in housebuilding and home ownership among young adults. It succeeded to some extent on both fronts, so the loss of the... 22nd March 2023 · 21 mins read
UK Data Response Consumer Prices (Feb.) The reacceleration in CPI inflation in February may be enough to tilt the Bank of England towards raising interest rates from 4.00% to 4.25% tomorrow despite the recent turmoil in the global banking... 22nd March 2023 · 3 mins read
Capital Daily Even if the worst is over for banks, the outlook remains bleak A risk-on mood has prevailed today amid easing concerns over the US banking system. That seems to reflect a view that intervention, perhaps including an extension of FDIC insurance to deposits above... 21st March 2023 · 6 mins read
US Housing Market Data Response Existing Home Sales (Feb.) Existing home sales rebounded in February as buyers took advantage of falling mortgage rates. Weak mortgage applications data point to sales dropping back again in March, but with turmoil in the... 21st March 2023 · 2 mins read