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Market insights

Measuring the damage is an easier task than anticipating the duration

We’ve gone through a long period* of a large chunk of economic data being unanchored from normality and its use as a month-on-month...

No nuance in FX markets, assessing the economic damage in a fast-moving crisis

A largely unavoidable mention of the “B” word, but during the General Election and the United Kingdom’s formal withdrawal from the...

Fed announces emergency rate cut

Good Afternoon, The US Federal Reserve has made its first emergency rate cut since the height of the 2008 financial crisis on concerns...

Coronavirus, ugly dogs and a Euro squeeze

We’ve once again seen GBP take a kicking against EUR at the start of today’s session, as well as EUR momentum against USD, but while...

"Just a man stood in front of EURGBP asking it to move"

We’re a bit survey waffle heavy today, but its worth digging into the latest Purchasing Managers’ Index surveys to get a snapshot of the...

Roses are red, violets are blue, something something, loose fiscal policy

For somebody who spent a good number of years filling column inches with his disdain for the policies of Tony Blair and Gordon Brown,...

GBP struggling with upside despite improving data

We had said throughout much of the doom and gloom running up to January’s Bank of England meetings that it was important to look at the...

What's going to move FX this week

There isn't a mountain of key data on the calendar for this week, but there are nonetheless some key points that could move currency...

UK data and Big Beautiful Monsters

Today brought more talk of rate cuts, but we need to see more post-election post-Brexit data . Sterling took another knock this morning...

Softer UK numbers as GBP becomes more data-dependent

GBP is struggling to catch a break right now – in some parts deservedly, in others maybe less so. It saw some post-election strengthening...

FX Markets Beyond ZIRP In 2020

It might be seen by some as lazy or formulaic to kick off 2020 with a quick recap of the 2010s, and then a few broad predictions about...

Where Next For The Bank Of England?

It’s foreseeable that we may enter into a bit of a funny patch for the Bank of England in the first quarter of 2020. Through the trials...

General Election Analysis

We don’t have a crystal ball at Labarde Management, but we have a funny feeling that January 2020 is going to look a lot like January...

Pre-UK General Election

With less than 24 hours to go until the UK goes to the polls, you’ll have been bombarded with every survey from Ipsos Mori to Survation....