Synopsis of the week The ECB kept interest rates unchanged, which triggered dramatic moves in the Euro following its press conference. The recent success in passing “bank stress tests” has already been forgotten about as US banks have seen their shares slide following that latest quarterly update. The second round of Brexit negotiations saw a divergence of opinion on how…
Our Director of Investment Management Alastair McCaig comments on Dukascopy TV. Discussing the ECB interest rate decisions and stimulus policies, Euro strength and Swiss Franc weakness. Click here to see the full interview.
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s FX and Rates Strategist Richard Jones and host Jonathan Ferro to discuss the European Central Bank interest rate decision, French President Emmanuel Macron and UK pensions. Click here to listen to the interview on Bloomberg.
On Monday morning Alastair McCaig, Director of Investment Management at Fern Wealth joined Bloomberg Daybreak Europe’s Nejra Cehic and Caroline Hepker discussing US Dollar weakness, bank earnings and the Fed’s plan for tightening monetary policy. Click here to listen to the interview on Bloomberg.
Synopsis of the week EURCHF breaks above the 1.10 level a climb of over 2% in the last three weeks but still some way short of UBS’s 1.14 price target for years end and 1.16 in the next twelve months. US inflation data falls and retail sales shrink sending the US Dollar tumbling during Friday’s trading session. Brexit negotiations are…
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s FX and Rates Strategist Richard Jones and host Caroline Hyde to discuss UK real earnings, unemployment & Brexit. They also looked at cryptocurrencies and how Revolut has just raised $66 million for its global banking arm. Click here to listen to the interview on Bloomberg.
Synopsis of the week US Non-farm payrolls come in stronger than expected while average hourly earnings disappoint, leaving unemployment levels at 15-year lows. French Bank Societe Generale think “fair value” in EUR/USD should be around 1.20 by the end of 2017. The CAC continues to drift, now down 6.25% in the two months since its early May highs. UK Manufacturing,…
Synopsis of the week A week after coming out with a strongly Dovish statement calling for no change in rates, the Bank of England Governor has now made a strongly Hawkish announcement suggesting rate rises could be on the way, shooting Sterling higher. European Central Bank President Mario Draghi’s speech in Portugal has hinted towards further reductions in stimulus sending…
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s FX and Rates Strategist Richard Jones and host Jonathan Ferro for an hour long special. Discussing comments from ECB President Mario Draghi, BoE Governor Mark Carney and US Fed chair Janet Yellen and the implications for rate expectations and the FX markets. Click here to listen to the interview on…
Synopsis of the week As three members of the BoE’s Monetary Policy Committee vote for an interest rate rise, odds of an increase before the end of 2017 increase to 44% in line with expectations of another US rate rise. Oil prices continue to slide, with Brent Crude now down almost 17% in the last month taking the price back…
