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Justin Low

UK PM Sunak: Fixing mistakes begins now

Some mistakes were madeThere will be difficult decisionsTruss was not wrong to want to improve growthWill not leave the next generation with debt to settleWill have professionalism and accountability at every levelFor now,...

UK October CBI trends total orders -4 vs -12 expected

The net order book balance among UK manufacturers fell by less than expected with expectations of price rises in the next three months also seen falling from +59 in September to +46 this...

Japan FX intervention on 24 October estimated to have cost ¥700 billion to ¥900 billion

The numbers are calculated by market sources, as cited by Reuters. This just adds to the one on Friday as noted here. But if you look at where USD/JPY is trading now (near...

Ifo economist: A winter recession is coming

Expects Germany GDP to shrink by 0.6% in Q4Export expectations of inudstry slightly improvedRetailers' expectations at new record lowOne in two companies still planning to hike prices in the coming three monthsThat's quite...

UK bonds keep up the rally as Sunak takes over as prime minister

30-year gilt yields are down 10 bps on the day to 3.65% and the continued push lower is but a welcome development for UK markets in general. The fact that we have seen...

China FX regulator said to have surveyed some banks on yuan positioning

The Reuters report says that China's FX regulator sent a survey to some banks late yesterday, asking them about their positioning in the currency market. Adding that the regulator questioned banks about their...

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