Vasileios Gkionakis (Vas) has over 17 years of experience in research and portfolio management, both on the sell and the buy side (Citigroup, BAML, UniCredit, Fulcrum Asset Management, Lombard Odier). He has held various roles including Co-Head of Strategy Research and Head of FX strategy. Vas holds a PhD from the London School of Economics.
FX | Global | UK
Vasileios Gkionakis
Following the BoE decision to keep the base rate at 5.25%, the rates market has re-priced lower. I argue further dovish re-pricing is still likely because the labour market is looser than headline unemployment shows, and house price declines will weigh on household consumption.
Vasileios Gkionakis
As of 8 September, the dollar had risen by 4.8% since mid-July, its largest gain over a 41-day period since mid-October 2022.
Vasileios Gkionakis
Idiosyncratic and relative-value (RV) trades are currently appealing. Look for monetary policy divergences (Bank of England repricing lower, rates re-pricing in CEE), sensitivity to ongoing muted Chinese growth, and energy prices.
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