Each month, our investment experts assess liquidity conditions, policy signals and front‑end dynamics across global money markets.
Labor pains during policy shifts
July’s labor data revisions signal deeper market fragility, prompting Fed rate cut bets and renewed focus on central bank independence and positioning.
Monthly Cash Review – GBP
A rare 9–0 BoE vote masked growing tension. Short end yields jumped as inflation risks, weak growth, and geopolitics pushed UK rates into choppy waters.
Monthly Cash Review – EUR
The Eurozone remains broadly stable, but the outlook has become less straightforward as inflation stays uneven, growth remains modest, and markets signal caution.
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