Archive

Will he stay or will he go? Governor shows his hand Eight months ago the Bank of England governor was unwise enough to tell parliament’s Treasury Committee that leaving...

Philosophy, politics and economics Philosophy Investors seem to be getting more comfortable – or at least less anxious – about the fact that Brexit means Brexit (which, as everyone...

Euro down on its luck The euro suffered losses across the board last week, despite doing nothing particularly wrong: most of the economic data from Germany and pan-Euroland beat...

Sandbags aren’t enough If the previous week was a difficult one for sterling the one just ended was a shocker. In the great scheme of things an average loss...

A wheel comes off It was not only Esteban Gutierrez at the Malaysian grand prix that lost a wheel at the weekend. One of sterling’s came off in an...

Moving the deckchairs Some central bankers decided to leave well alone at policy meetings during the week while a couple tinkered either with the mechanics of their programme or...

Rocky week for the pound The truce that had supported sterling since early September came to its inevitable end last week and the pound was the weakest among the...

What the BoJ didn’t do This week’s star was the Japanese yen, which led the way with a gain of 1.5% against sterling. Investors had expected the Bank of...

Back to work With August now behind them politicians and central bankers have been filtering back to the office to do… who knows what. Nobody is any wiser than...