The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of FX Strategy
Summary: May’s last dash to salvage her Brexit deal is the focus for sterling this week, while the USD is on the defensive ahead of Wednesday’s FOMC meeting, where the focus is on policy guidance linked to QT and the dot plot.