We expect no change in Bank of England (BoE) policy this week. We also drop our forecast for a rate cut and QE extension in February. Resilient official growth makes stimulus harder to justify and QE seems politically unacceptable now.

A Fed rate hike at the Dec FOMC meeting is a foregone conclusion. The market has already leapt ahead and is focused on the forward looking aspects of the FOMC news flow: the dots; the economic forecasts; and the indications Read More →

As a preliminary gauge of sentiment we saw that US equities closed once again higher ahead of the Fed’s FOMC latest policy communication. Asia is also currently in positive although initially there seemed to be some market caution ahead of Read More →

Key Points

• The British Pound traded lower against the Swiss Franc, but found support near 1.2790.
• There is a monster bullish trend line formed on the hourly chart Read More →