On Monday, the British pound strengthened against the dollar as traders prepared for a week filled with data releases and central bank meetings, including the upcoming session at the Bank of England (BoE) on Thursday.

The question every Ocado shareholder has is whether the M&S tie-up will deliver. The answer so far, just a couple of weeks into the partnership, seems to be positive. Forward demand is strong, and management say adding M&S products has increased the average basket by around 5 items.

Remember when 3.25% on the 10yr meant the bond rally was over and yields would break out? Gold at $1500 Gold’s advance looks unstoppable,  with prices striking through the big $1500 level as flagged in yesterday morning’s strategy note. The cue was a major melt-up in bonds. $1525-50 looks to be a big area to overcome […]

Cable slid below $1.22 on continued USD strength and weak PMI data, with analysts mostly bearish on sterling in their GBP forecasts.

After a bit of time to digest the Bank of England decision, it looks to have provided that hawkish pivot we’d anticipated. But I would not say it’s enough to really tell the market that it will fulfil its mandate to keep inflation in check and ensure longer-term inflation expectations remain in check. A missed […]