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Nervous Doves

Mr Carney and his colleagues on the Bank of England monetary policy committee will have been delighted with the pick up in UK economic activity over the summer months. They may however be forgiven for also welcoming the recent tempering of UK economic releases that have not quite met market […]

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Why doesn’t anybody believe me?

Mr Carney chose Nottingham, middle England, to make his first public speech since assuming the role of governor of the Bank of England. Nottingham at the heart of the country with it’s small & medium sized businesses represents the core of the British economy. His, was a message of reassurance […]

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What now for Sterling?

In my note last month I finished off by saying ‘’ Mark Carney may have to delve deeper into his unconventional toolkit to get significant Stg weakness (above .8800)’’. In the event he did just that and came up with ‘’Forward Guidance’’ (this is the communication by a central bank […]

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