FX Weekly: 21st February 2011
The G20 meetings failed to produce anything concrete and deferred any market-moving developments until April
In Germany, the CDU party’s heavy defeat in Hamburg over the weekend has provoked a gentle fall back in risk-tolerance
Three major themes are in play – Emerging Market inflation, Middle-Eastern politics and lingering peripheral stress in Europe
Market pressure on BoE to act in the name of reputation was resisted although three rate hikes are still priced in
In Germany, the CDU party’s heavy defeat in Hamburg over the weekend has provoked a gentle fall back in risk-tolerance
Three major themes are in play – Emerging Market inflation, Middle-Eastern politics and lingering peripheral stress in Europe
Market pressure on BoE to act in the name of reputation was resisted although three rate hikes are still priced in
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