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(1) UK: Locking Down The Economic Ruins (3 min read) England’s latest nationwide lockdown points to a deeper winter recession for the UK and with it a wider fiscal deficit, writes Phil Rush. BoE will likely maintain its elevated run rate on gilt purchases, and stand ready to step up if market stress emerges.
(Phil Rush│ 3rd November, 2020)
It Is Time To Scrap the IMF’s Reserve Adequacy Metric (CFR, 6 min read)
Gridlock Is More Bullish Than Blue or Red Waves (DR. Ed’s Blog, 3 min read)
Political polarisation and expected economic outcomes (VoxEU, 6 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)