In fact, it looks like we have entered a new paradigm because there are very few currencies or other assets that look in the slightest bit attractive – welcome to the era of relative-devalue trading.
From a UK perspective, it has started to dawn that our economy is in severe trouble and that rates are going to have to fall a lot lower. As Bank of America has pointed out, the BoE’s November inflation report, “prepared the ground for further significant cuts… we now project the BoE to cut the bank rate 100bps in December.”
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
