I wasn't commenting on what has happened in the past, other than your firm belief that the EU and the ESM is the absolute, that the UK ballsed up and you never shy away from stating it again and again. That's fair enough for you to believe that but ...

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

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UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

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China delays release of economic indicators including Q3 GDP

I admire the fact that you seldom face down an opportunity to chuck in a Brexit/EU comment but I'd say "No!" to your suggestion. I'm not coming at it from a political perspective. I think it's far more fundamental than any paper-based, bureaucratic, ...

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

Who knows what the market wants? I doubt the markets know what they want either, apart form what they think they don't want. Maybe fundamentalism is so much in the minority that like government debt, speculation and technicals squeeze out any chance ...

UK's Hunt: We will no longer be proceeding with the new vat-free shopping scheme for non-UK...

Whilst I agree with most of your content I would add the following aspects: from the original conception of the BoE as the first CB, it was always meant to be the lender of the last resort, and if that institution can't actually convey or ...

BoE’s Bailey: 'Flying Blind' Is Not The Way To Run Fiscal Policy

Hmmm, didn't see that choice coming. He SHOULD be a safe pair of hands but we shall have to see if the reality matches the theory.

Jeremy Hunt appointed as UK's new finance minister

. I think she's been hiding under a rock for the last few years, so maybe it's news to her. She didn't say it was transitory, though.

ECB's Lagarde: Inflation is undesirably high

Then your trust is mislaid. I restate what I said before and you demonstrate exactly what I said in my previous entry. You want to waste time on conjecture based only on one angle, be my guest. I won't attempt to argue with you.

EU's Von Der Leyen: Any deliberate disruption of active European energy infrastructure is...

I read it as saying that the BOE is delaying the previously planned sale of its held Bonds and may be purchasing more, in tranches as an when suits at unspecified times. I note from the initial 2-directional spike that although the market is ...

Bank of England announces gilt market operation

I do appreciate that FF IS for opinions (mine included) but in this case, due to a vacuum in factual, cross-examined, knowledge, this is a classic scenario for peeps keen to fill the void by hypothesising a prejudiced position and then go searching ...

EU's Von Der Leyen: Any deliberate disruption of active European energy infrastructure is...

Yes, very often there is a difference. An occasional 0.1% differential can be overlooked but a 0.6% differential is significant enough to wonder what source FF is using.

US: Durable Goods Orders decline by 0.2% in August vs. -0.4% expected

It makes no material difference to me but I'm just curious. Has anyone got any idea as to why "The Market" expected a figure of (-0.4%) but FF shows (+0.2%) as the expected figure?

US: Durable Goods Orders decline by 0.2% in August vs. -0.4% expected

A very erudite piece and good to see some quality. I'm very tempted to join the debate but I know it'd end up consuming huge amounts of time, which I'd rather use on the business. It'll be interesting to see if the BOE, and its theoretical ...

Pound sinks as investors question huge tax cuts

Thanks for putting my thoughts into words.

Pound sinks as investors question huge tax cuts

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Bank Rate increased to 2.25% - September 2022

. I'm amused by your first reference to the days of St. George and my beer-swilling, cigar-smoking MP, although I do suspect you're wearing some nostalgic rose-tinted glasses. However, I can't say that the theory of ...

Bank Rate increased to 2.25% - September 2022

The activity before the release looked rather as though some players were positioning for the 'surprise' of a 0.75% increase rather than the expected consensus of 0.5%.

Bank Rate increased to 2.25% - September 2022

"Japanese economy is picking up": Picking up what, exactly?

BOJ's Kuroda: Japan's economy is picking up

The exchange rates will float wherever and whenever: we all know that. I was referring to his constant calls for easier money, hence my previous context statement, that's all. The running of the UK economy is a separate matter.

Danny Blanchflower Criticizes Truss and Says ‘Short the Pound’