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
Singapore Sales Trader
The Bank of England meeting last Thursday was a hawkish surprise which caught our attention, especially with Andy Haldane, the chief economist, being the surprise dissenter.
Cable traded from a low of 1.310 to 1.332 last week: