Hints and tips:
...Stephen Lovegrove, former national security adviser at the Cabinet Office, has recently taken up a position at investment bank Lazard, while Alex Younger, the former head of MI6, has joined Goldman Sachs...
...FT columnist Stephen Bush describes the subversive thrill of wearing Dr Martens boots around the office, while Mark C O’Flaherty traces the evolution of the MA-1 flight jacket, first introduced to the US...
...“In this type of environment with the cost of living crisis, energy crisis . . . the chance for policy missteps rises,” said Stephen Gallo, head of European FX at BMO Capital Markets....
...Stephen Gallo, European head of foreign exchange strategy at BMO Capital Markets, said the dollar’s strength “is incrementally becoming more problematic for the world economy” as it puts pressure on emerging...
...Last week that squeeze arrived,” said Stephen Gallo, European head of FX strategy at BMO Capital Markets....
...“Leveraged funds are not aggressively short against [sterling],” said Stephen Gallo, European head of FX strategy at BMO Capital Markets....
...Foreign exchange markets are “discounting a severe European recession”, into the euro-dollar trade, Greg Anderson and Stephen Gallo of BMO Capital Markets wrote in a note to clients....
...“Overall, this is largely an as-expected result which will remove tension from the currency market and provide a bit of relief to the euro,” said Stephen Gallo, European head of forex strategy at BMO....
...The officer came back down the stairs and let Gallo and his team in....
...“She’s at least got to give a nod to what other central bankers have said, [or] else the market could take it as a green light to buy the euro again,” said Stephen Gallo, European head of FX strategy at...
...Stephen Gallo at BMO Capital Markets weighs in on the pound and says traders view it as a “risk-on/risk-off” currency for now: “Put differently, it's very difficult to judge which way global risk assets...
...When the dollar gains against the Japanese yen, the Australian dollar tends to move higher against its US peer as the pattern normally means a warming of investor sentiment, said Stephen Gallo, European...
...In a busy day for central banks, Norway (the Norges Bank) and Switzerland (the SNB) maintained their current monetary policy stances and Stephen Gallo at BMO Capital Markets believes: “Neither central bank...
...“The news reinforces the ‘stop and go’ nature of the recovery from Covid-19, and the potential for second and third waves,” said Stephen Gallo, European head of forex strategy at BMO Capital Markets....
...Stephen Gallo at BMO Capital Markets notes the health of eurozone banks is an important barometer and it is currently “flashing red” as shown here: Stephen warns that for financials: “Legacy issues in...
...“The fact that euro-krona is nearing a test of 11.00 is a rather alarming prospect which doesn’t really look like it can be prevented,” said Stephen Gallo, head of European FX strategy at BMO Capital Markets...
...Stephen Gallo at BMO Capital Markets argues that current levels for the currency jive with his three-month view of around 7, given the expectations of a sharp slowdown in the current quarter for the economy...
...“The leg lower in the pound is dollar story, I don’t think anything has changed on the UK political front,” said Stephen Gallo, European head of FX strategy at BMO Capital Markets....
...Stephen Gallo at BMO Capital Markets says: “This appreciation of the EUR will bring next week’s ECB rate decision into even sharper relief, and the alarming speed of the move means absolutely no ‘tools’...
...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...
...“For now, we’ve resigned ourselves to no longer being able to predict Brexit; it would be a waste of time to keep assigning probabilities to various . . . outcomes,” said Stephen Gallo, European head of...
...Stephen Gallo at BMO Capital Markets, for one, likes the idea of buying the pound at current levels, as he reckons “there is a case for a ‘bigger-than-anticipated’ fiscal policy shock over the coming weeks...
...Stephen Gallo at BMO Capital Markets concedes “a lot of fiscal easing in the UK is already discounted heavily into some asset prices” but he also argues: “We still think the March Budget will reinforce...
...“We continue to think that the pound will ultimately get dragged lower by similar forces to those acting on the euro; in other words, a general ‘buyer’s strike’ in both pairs,” Stephen Gallo, European head...
...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....
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