The UK General Election Result: What Does it Mean?
- Date: 09/06/2017
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- Joe Spearing
The UK general election concluded with the shock result of a hung parliament, with the Conservatives the largest party. High levels of youth turnout, enthused by Labour’s radical manifesto, a strong showing for Labour amongst remain voters, and a failure of the faltering UK Independence Party (UKIP) vote to break….
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When Does the ECB Run Out of Bonds to Buy?
- Date: 15/05/2017
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- Andrew Bloomfield, CFA
If the self-imposed constraints of the ECB’s quantitative easing programme are respected, we estimate that the ECB will run out of eligible German Bunds (and German state and agency debt) to buy by mid to late 2018. We see this as the perfect excuse the ECB has for an early….
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CZK and CHF: A Tale of Two Currency Markets
- Date: 13/04/2017
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- Joe Spearing
On 6th April, the Czech National Bank (CNB) announced an end to their currency floor The market reaction was muted by comparison to that in the response to the collapse of the EURCHF floor in 2015 We analyse the differences in economic fundamentals and central bank policy which allowed this much….
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Czech That Out ! A story Foretold in FX Markets
- Date: 06/04/2017
We assess the implications of the removal of the CZK to EUR peg on April 6 2017 and what this means for how central banks manage peg removals going forward. The CNB announced earlier today that they abandoned their commitment to the EURCZK floor at 27 CZK per EUR whilst….
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