With demand still weak, there's room to cut rates in the first half of next year. That'll keep yields around 4 percent for 10-year gilts.
The ECB is determined to raise rates and the stronger economic data is helping to confirm those plans. European bonds are not the most attractive market at the moment.
U.K. data has been weaker than expected, but investors don't believe this will be enough to persuade the bank to cut rates. This leaves gilts vulnerable.
Given the uncertainty of the effect the hurricane may have on the economy, the Fed may take a pause in raising interest rates.
We believe the Monetary Policy Committee will be forced to make two more cuts in November and February.
The European Central Bank will raise rates by a quarter- point per quarter. The market probably has more to do in terms of discounting that.
This week's data is proof that the hawks in the Monetary Policy Committee are wrong, giving gilts support this week.
By stepping outside the majority view, he undermines his own credibility. He just becomes another member on the committee.
They are big on zealous regulation, but they are not good at real economics. They have the power to make micro improvements to the economy, but they haven't even tried it.
They are big on zealous regulation, but they are not good at real economics,