Day: July 9, 2018

Central Bank Investment Strategies

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A survey of central banks and sovereign wealth funds by Invesco sheds light on their investment plans. The traditional separation of markets and the state may be helpful for ideological arguments, but the real situation is more complicated. Central banks and their investment vehicles (sovereign wealth funds) are market participants. In some activities, such as …

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Possibility of a Soft Brexit Excites Sterling (too Early?)

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After a little wobble, sterling has responded favorably to the resignation of the UK Brexit team led by David Davis. The idea is that a path to a softer Brexit is good for sterling. In fairness, it is a bit early to reach this conclusion, and the softer dollar tone puts wind in sterling’s sale. …

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Day: July 9, 2018

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