A well-deserved defeat for Donald Trump and more dither and delay from Andy Burnham. At least the BoE delivered a decisive rate hike – the first of ‘two and done’? – and it was right to do so. Theme of the Week Global attention turned to the aftermath of the US mid-term elections, where Trump’s … Continue reading Weekly wrap – Mid-term blues
Tag: brent
Weekly wrap – Has the UK economy really “turned the corner”?
Including thoughts on UK GDP, “rocket and feather” pricing at the pumps, should the BoE follow the ECB, US bond market intervention, German defence spending, and the latest UK evidence on “second round” effects... Theme of the Week The reassuringly strong GDP data added to evidence that the UK economy is holding up better than … Continue reading Weekly wrap – Has the UK economy really “turned the corner”?
What to make of the collapse in oil prices
Hard luck, Dr Bucky! On Monday (20th April) the price of a key US oil contract fell as low as minus $37.63 a barrel (yes, minus), meaning that holders were effectively paying others to take their oil away. This clearly needs some explaining. Is this new evidence that global demand is in freefall? And what … Continue reading What to make of the collapse in oil prices
