We believe there is a lot of risk premium priced for the BoE/QIR this week. The forward implied overnight vol for the event is worth around 30 vols, this equates to around a 1.7 big figure move for the overnight Read More →

The dollar struggled near 6-week lows against its rivals on Wednesday as rate hike expectations were pushed back further given recent sluggish data.

The dollar's weakness mirrored a sluggish session on Wall Street overnight, with indexes suffering their worst Read More →

Our economics team is forecasting a 25bp cut in the bank rate and a resumption of QE – forecasting 75bn in purchases over the next 4-months. Forecasts for inflation and growth will be reduced.

The risk to sterling is Read More →