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Market Bulletin

WeekWatch (30/09/2019)

In the Supreme Court on Tuesday, the 11 judges of the UK’s highest judicial body unanimously ruled Boris Johnson’s prorogation of parliament unlawful. Back in the Commons on Wednesday evening, debate between MPs was bitter and emotional as the Brexit saga reached an altogether different

WeekWatch (26/08/2019)

"Happy families are all alike; every unhappy family is unhappy in its own way" So opened Tolstoy's Anna Karenina, with a line that could all too easily be applied to 'the European family' just now - and this, despite evidence that support for the EU among

WeekWatch (19/08/2019)

“Rise, like lions after slumber/ In unvanquishable number! /Shake your chains to earth like dew/ Which in sleep had fallen on you:/ Ye are many—they are few!" The closing lines of Shelley’s The Masque of Anarchy helped to turn Manchester’s Peterloo Massacre, which took place 200

WeekWatch (12/08/2019)

It took just 22 minutes for Franky Zapata to hoverboard his way across the English Channel eight days ago under a clement sky. It was not an augur of things to come. In the week that followed, the gap between the UK and Continental Europe

WeekWatch (05/08/2019)

Back in 2008, an eloquent British journalist and politician wrote that the drop in sterling during the holiday season was no less than “the definition of a national humiliation”, placing the blame squarely on the then-Labour administration. Fast forward 11 years and the journalist is now

WeekWatch (29/07/2019)

The ‘blond bombshell’ finally has the keys to 10 Downing Street. Having won the Conservative Party leadership contest with 66% of the vote, Boris Johnson entered through the famous black door on Wednesday afternoon. He will have been greeted by Larry the cat. The ‘Chief Mouser

WeekWatch (22/07/2019)

The Beatles performed their last live concert on a rooftop in London just a few months earlier; Bryan Adams was enjoying “the best days of my life”; and, 50 years ago last Saturday, Apollo 11 landed the first men on the moon. 1969 was, indeed,

WeekWatch (15/07/2019)

Well, so much for the ‘special relationship’. UK ambassador Kim Darroch resigned on Wednesday following leaks of confidential communications in which he described the Trump administration as “inept” and “uniquely dysfunctional”. Trump’s rather more public denouncement of Darroch as “wacky”, “pompous” and “very stupid”, coupled

WeekWatch (08/07/2019)

As ever on 4th July, skies across the US were lit up with firework displays commemorating the anniversary of the Declaration of Independence. The largest display was in New York; the $6 million show included more than 75,000 individual shells, lasted more than 25 minutes

WeekWatch (01/07/2019)

It is sometimes said that equity investors look for opportunities, whereas bond investors look for problems. Over-simplification it may be but, all the same, markets currently present a curiously two-sided picture. On the one hand, equity markets remain in rally territory, even though the S&P 500

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