Week Ahead: All Eyes on Threadneedle Street and Beijing as Policy Shifts Collide
1. The Macro Backdrop: From Jobs Shock to Policy Pivot
Wall Street closed Friday in disarray after July non-farm payrolls expanded by just 73k…
2. The Bank of England: A Reluctant First Cut?
Market pricing: Overnight-index swaps fully discount a 25 bp cut, taking Bank Rate to 4.00 %…
3. China’s Data Gauntlet: Searching for an Inflection Point
Beijing faces its own credibility test. July PMIs confirm manufacturing contraction…
4. Secondary Themes to Monitor
U.S. Service-Sector Health, Fed Speak, Japan’s Current-Account Release, OPEC+ Output…
5. Tactical Playbook
FX – Short EUR/GBP into the BoE on rallies toward 0.8720; Rates – Receive SONIA Sept-25…
6. Bottom Line
Last week’s U.S. payroll surprise ended the “higher for longer” narrative and catapulted global policy divergence…
