The Daily Shot 7.1.16

By SoberLook


We begin with Thursday’s central bank activity globally.

1. Mark Carney’s speech hinted at near-term easing by the BoE.

Source: WSJ

The British pound sold off sharply in response to Carney’s remarks …

Source: @barchart

… while the FTSE 100 hit a 10-month high.

2. It seems that the ECB may be considering revising the rules governing the proportion of member countries’ bonds bought as part of QE. Rather than just focusing on the size of each economy, more weight could be given to the country’s debt outstanding. Such allocation, of course, benefits the most indebted countries such as Italy.

Source: Bloomberg

Italian and Spanish debt rallied sharply in response, with yields hitting new lows.


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