Hints and tips:
...(Defector) — Alberto Gallo’s latest, on price versus financial stability (Andromeda) — Astronomers have discovered the remnants of the cosmic seeds of our galaxy (Quanta)....
...Sequana is named after the Gallo-Roman deity of water and water springs, in particular the Seine: it is an expression of concern and support for children facing the modern world....
...Stephen Gallo, European head of FX strategy at BMO Capital Markets, noted that “recent UK political developments will lead to a short-term ‘surge’ in domestic investment, economic confidence and foreign...
...The falling yields and rising odds of a rate reduction pressured sterling on Monday, according to Stephen Gallo, Bank of Montreal’s European head of FX strategy....
...Stephen Gallo, analyst at BMO Capital Markets, noted that while policymakers are broadly expected to keep rates unchanged, they may decline to “fully echo the dovish postures adopted by other major central...
...Mr Gallo still places a 53 per cent probability of “the UK eventually leaving the EU without a deal, either on March 29 or at the end of an extension period.”...
...Reach the reporters on this story at adam.samson@ft.com and laura.pitel@ft.com....
...We also expect more dovishness from the ECB in the coming months,” said Stephen Gallo, head of European FX strategy at BMO Capital Markets....
...“This is a proper move,” said Stephen Gallo, head of European FX strategy at the Bank of Montreal of the decline on Wednesday....
...“Even we were taken aback . . . and we are already committed euro bears,” said Stephen Gallo, European head of FX strategy at BMO Capital Markets....
...Stephen Gallo, strategist at BMO Capital Markets, pointed out as well that “market illiquidity” would make it difficult for traders to make bets on the currency....
...China’s yuan has been propelled this week by a duo of tailwinds, according to Stephen Gallo, European head of currencies strategy at BMO....
...“The tension related to the upcoming Brexit vote is palpable and it amplifies the degree to which the pound is vulnerable to intraday swings in global risk appetite and geopolitical news,” said Stephen Gallo...
...What we don’t know for now is how many votes the PM would have lost by, but pulling the vote suggests that it would have been in excess of 100 against,” said Stephen Gallo, European head of FX strategy at...
...“The 6 per cent dollar rally during that period is a surprisingly small move given the monumental size of the positioning flip,” said Mr Gallo....
...Alberto Gallo of Algebris Investments said the second half of the year was likely to see investors question “the UK government’s unclear approach to Brexit as well its lack of a growth strategy for Britain...
...“There is more uncertainty over the future shape and leadership of the Conservative Party but, I think, less uncertainty over the type of Brexit we’re headed for: cotton soft,” said Stephen Gallo, head of...
...The pound is “purely impossible to trade at this point” because of the multiple permutations of Brexit, said Stephen Gallo, head of forex strategy at Bank of Montreal....
...Here’s a look at the probability distribution Mr Gallo put together: BofA doesn’t expect a huge reaction either....
...Stephen Gallo, European head of currencies strategy at BMO, points out that investors have been down this road before....
...“The global growth trade in FX has paused and it’s now the case that the narrative the dollar bulls have created is becoming self-fulfilling,” said Stephen Gallo at the Bank of Montreal....
...“The important issue is whether or not Cohn’s departure will mark a radical shift in US trade and economic policies,“ said Stephen Gallo, European head of foreign exchange strategy at the Bank of Montreal...
...Stephen Gallo at Bank of Montreal called Monday’s sterling slip “very strange”, adding: “It’s almost as if the FX thinks it’s being clever by anticipating an unrealistic stance from Mrs May, thus justifying...
...Currencies “FX is really a passive bystander in this equity market sell-off,” says Stephen Gallo, European head of FX strategy at the Bank of Montreal....
...Adam Cole at RBC Capital Markets said the shift in rate sentiment had forced a hasty unwinding of widely held short loonie positions....
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