I had the pleasure of featuring on Bloomberg TV this morning shortly after the release of UK CPI data, printing a 40-year high of 9.4%. Yes, the last few days have seen some risk-on action, but I’m personally not convinced. The main drivers behind the market selloffs we’ve seen are still in motion, notably central bank hikes. I also discuss whether the ECB could hike 50bp tomorrow, and whether the dollar has more room to rally.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
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