Macro Dragon: Its about the BoE, not the ECB... Plus Trump vs. Macron Tues Could Spell Risk-Off
Macro Dragon = Daily Cross-Asset Global Views
We kick off WK # 4 with a Macro Dragon that looks at all the Major Central banks that will be meeting over the next two weeks including: BoJ, BoC, ECB, Fed & BoE - in addition to KVP's views we also link to the most recent statements. BoE is the most interesting given its recent tilt to the dovish-side & currently c. 70% prob of an insurance cut next Thu 30 Jan. This potentially creates some headwinds against sterling crosses & tailwinds for those tactically short sterling going into next wk. Biggest current market risk would be Trump / Macron (Tue?) fall-out on digital tax of US tech.
