Each month, our investment experts assess liquidity conditions, policy signals and front‑end dynamics across global money markets.
Monthly Cash Review – USD
April calmed after March, but oil swings kept volatility alive. The Fed stayed on hold and signaled higher-for-longer; we modestly extended to lock in yield.
Monthly Cash Review – GBP
April was calmer, but energy spikes kept inflation sticky. The BoE held at 3.75% with a hawkish tilt; yields swung, then settled, as we cautiously added carry.
Monthly Cash Review – EUR
Europe steadied after March’s shock, but war-driven energy swings kept inflation sticky. The ECB held 2.00% as growth stayed flat; we cautiously extended for carry.
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