The Week Ahead
Volume 62 - Keep Calm and Carry On
Never be afraid to sit awhile and think.
-- Lorraine Hansberry
Good Afternoon,
Back in England after two weeks in Cannes - feeling refreshed.
A pretty jam-packed week with several MAGMA earnings and FOMC.
FX
Same views as all year… one can expect any FOMC hawkishness to strengthen USD slightly in the coming week, but in the long-term softer inflation should continue to weaken the greenback. Any coming strength could/should be exaggerated by positioning.
With the above and the BOE looking nowhere close to being finished with their tightening crusade, expect further strength to cable.