That is really rather a mess as we know it rallied into the 132s. Anyway this leads me to my first two thoughts. Number one is that inflation levels will fall as we head into 2023. But care is needed with that because as we stand that simply means that prices will rise more slowly rather than actually fall. Also in Europe a lot of the trend depends on government intervention in energy prices as any halt to that will push inflation back up again. Number two is that we start it with trends for the Japanese Yen look much better. The caveat here is that the carry is against you as short-term US bonds yield about 4% more so the moves are likely to be knee-jerk and patchy like we saw earlier this week.
Geopolitics
Pass Blue: Francesca Albanese Is Immune From US Sanctions, UN Says
Two weeks after the United States imposed sanctions against Francesca Albanese, the United Nations special rapporteur on the situation of human rights in the Occupied Palestinian Territory (OPT), the UN has invoked her immunity and […]
Finance
Reuters: Swiss watchdog to propose looser anti-money laundering rules for fintechs
Having lost much business due to new banking rules with regard to illicit money, Switzerland is looking for ways to regain lost business by dreating new legal loopholes. Read here
National Politics
Tom Blackburn: Keir Starmer Is Keeping New Labour’s Authoritarianism Alive
The Blair-era Labour Party introduced a raft of policies hostile to civil liberties. The British government continues to push legislation to clamp down on protesters and protect police, and Keir Starmer is letting it happen. […]
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