Discover and read the best of Twitter Threads about #Pound
Most recents (7)
Since #WWII, #USA has used #USdollar hegemony to transfer domestic crises, harvest world #wealth and undermine the economic and financial stability of other countries through armed conflicts, financial wars, and trade wars. To maintain US dollar is to maintain US world hegemony. 
Since March 2022, #FederalReserve has raised interest rates 6X. On 2 Nov, its 75-point rate hike and sharp #USdollar appreciation caused global #currency depreciation, capital outflows, rising debt servicing costs, hiked imported inflation and currency/debt crises of countries.
Thoughts on the #BankofEngland intervention… 🧵
The Bank will carry out *temporary* purchases of long-dated UK government bonds from 28 Sep to 14 Oct to stabilise the market.
The purchases ‘will be carried out on whatever scale is necessary’, but are *strictly time-limited*…
The Bank will carry out *temporary* purchases of long-dated UK government bonds from 28 Sep to 14 Oct to stabilise the market.
The purchases ‘will be carried out on whatever scale is necessary’, but are *strictly time-limited*…
At the same time, the #MPC is pausing the start of active #QT (i.e. selling bonds bought under #QE) until 31 Oct.
This might be reviewed depending on economic and market conditions, but the annual target of £80bn of sales is unchanged, so this is a delay rather than a U-turn...
This might be reviewed depending on economic and market conditions, but the annual target of £80bn of sales is unchanged, so this is a delay rather than a U-turn...
In my view, this is a sensible and proportionate response.
Of course, it would be better if this hadn’t been necessary, but the aim was to lower gilt yields and the intervention has worked: 30-year yields have fallen by one full percentage point (!) today...
Of course, it would be better if this hadn’t been necessary, but the aim was to lower gilt yields and the intervention has worked: 30-year yields have fallen by one full percentage point (!) today...
I am not saying these are correlated.
I am saying this is interesting
It looks to me that china is selling the f out of brit bonds.
$USDGBP #POUND #BRITS #RUSSIA #Ruble
I am saying this is interesting
It looks to me that china is selling the f out of brit bonds.
$USDGBP #POUND #BRITS #RUSSIA #Ruble
Ok, now thats even more interesting
#1 points to a swap with GBP - everyone freaking out about a crash - no - this is intentional.
Brit pound is nuclear bom in the formula - notice its a mirror image of what GBP does (blue vs purple)
GBP moves HEAVILY influence formula.
#1 points to a swap with GBP - everyone freaking out about a crash - no - this is intentional.
Brit pound is nuclear bom in the formula - notice its a mirror image of what GBP does (blue vs purple)
GBP moves HEAVILY influence formula.
What this means is if you were holding oil contracts in Pounds, oil price CRASHED bigly.
You will liquidate your position (or buy cause its now cheap) - im betting the liquidate after looking at the oil price move.
You will liquidate your position (or buy cause its now cheap) - im betting the liquidate after looking at the oil price move.
Reflections on the morning after - and especially the markets… 🧵
It may well take some time for the dust to settle on #KwasiKwarteng’s first #Budget (yes, 'Budget’: if it looks like a duck, walks like a duck and quacks like a duck, then it’s fair to call it a duck)...
It may well take some time for the dust to settle on #KwasiKwarteng’s first #Budget (yes, 'Budget’: if it looks like a duck, walks like a duck and quacks like a duck, then it’s fair to call it a duck)...
The initial reaction from most economic commentators and in the financial markets has been a loud boo! There are some things I would have done differently. But the overall strategy is sound, and sentiment should recover as the economic benefits become clearer...
There are two aspects I particularly liked. One is the emphasis on breaking the ‘doom loop’ of weak economic growth and rising taxes, both with tax cuts and – at least as importantly – structural reforms on the supply-side...
Really staggering 🇬🇧mini-budget just announced here in London. Ain’t nothing mini about it.
Record-setting borrowing *and* tax cuts. £100 billion price tag. No-tax & spend. Trickle down economics on steroids. Throws fiscal sustainability out the window.
A huge political gamble
Record-setting borrowing *and* tax cuts. £100 billion price tag. No-tax & spend. Trickle down economics on steroids. Throws fiscal sustainability out the window.
A huge political gamble
The £45 billion in tax cuts just announced, mostly given to the wealthy & businesses, is biggest tax cut since 1972, when Chancellor Barber had his "dash for growth". It's 2% of GDP.
That ended in disaster. It's generally regarded as the most damaging UK budget in modern history
That ended in disaster. It's generally regarded as the most damaging UK budget in modern history
It’s been an especially stormy start to the year for the UK, which finds itself at ground zero for the spread of a new and highly infectious strain of the coronavirus, even as it struggles to cope with withdrawal from the European Union’s single market and customs zone.
Yet the UK’s financial markets are performing relatively respectably year-to-date as investors focus on the UK’s strong vaccination performance and look ahead to the possibility of economic reopening and recovery.
In this video interview, Nick Andrews examines the forces at work and weighs the risks facing the UK economy and markets. vimeo.com/505535421 #UK #Brexit #pound #sterling #assetallocation #EU #singlemarket
🛡️Dayanak varlıgı #GBPUSD olan varantlardır.
🛡️Vade sonu uzlaşma fiyatı #TCMB tarafından saat 15:30 itibarıyla belirlenen gösterge niteliğindeki #Pound - #AmerikanDoları çapraz kurudur. ⬇️
#VarantAkademi'de #varant türlerini tanıtmaya devam ediyoruz. Bugün #GBPUSD varantları 🤔
🛡️Vade sonu uzlaşma fiyatı #TCMB tarafından saat 15:30 itibarıyla belirlenen gösterge niteliğindeki #Pound - #AmerikanDoları çapraz kurudur. ⬇️
#VarantAkademi'de #varant türlerini tanıtmaya devam ediyoruz. Bugün #GBPUSD varantları 🤔
🛡️Yatırımcıya ödenecek tutar kullanım fiyatıyla dayanak varlık vade sonu uzlaşı fiyatı arasındaki farkın çarpan(5) ve 15:30 TCMB Türk Lirası - Amerkan Doları alış kuru ile çarpılmasıyla elde edilir.
