Here at the Daily Snapshot we revel in the opportunity to delve back to bygone years, and with Spanish inflation touching the highest since 1985 we went back and found a movie title from then that is very apt to the here and now. No, it wasn’t Goonies, although we did have a selection of […]
“It’s going to be a long summer” sighed one of my clients this morning and I had to agree with him as he ran me through the new vegetarian cookbook he’d bought at the weekend. You’ve got to deal with a broad array of interests in this job but, to be fair, he actually piqued […]
Money’s getting a little too tight to mention at the moment so I’ll give you your 100 day warning klaxon to check down the back of the sofa and make sure you’ve not got any of the £14.5 billion of paper banknotes that are set to be withdrawn by the Bank of England. A whopping 477 million fifties and twenties (bullseyes and scores for the players) still in circulation but you’ll have to physically go to the Threadneedle Street to change them from Sept 30th.
Quite a few summer dresses and linen shirts knocking around the office today. A sense from those that managed to make it in that they could be slightly more stylish-yet-casual perhaps. The badge of honour of enduring the commute. A well-earned glass of something cold on a terrace beckoning as we bump over the hump. I think we’ve discussed the merits of the linen shirt before. Stylish but not too – ahem – challenging in terms of fit. Capable of hiding all sorts of lumps.
It’s nice to start your morning wfh but my goodness there’s not much beats finishing the day, signing off and being home already is there? Not a feeling I’ve had too much of late for my own reasons (mostly a pathological need to have people around me before the insecurity fully takes hold) but one I’m glad that most of you will have had today. Let’s embrace the positives of WFH on days like this.
Right then – walking boots on everyone. The biggest rail strike in thirty years starts in the UK tomorrow and you know the only way to get about is going to be by walking or cycling. Let’s look on the positive side and think about the health benefits. A whiff of rebellion in the air generally as unions from a range of professions including barristers, nurses and teachers all move towards “considering” strike action as the cost of living crisis starts to bite.
So there we have it. The UK bank rate back above 1% for the first time since 2009 as the MPC raise rates for a fifth consecutive time. 2009 sort of feels like it wasn’t very long ago but for context it was the year of Barack Obama being inaugurated as 44th President of the US, of swine flu, Michael Jackson’s death and the Icelandic banking system collapse. It was also the year I joined the mighty Redburn.
No time for funny anecdotes, we’re getting straight into the more boring stuff that really isn’t that boring. Deep breath, here we go: We had the ECB announce that there will be an Ad Hoc meeting today. A timely piece out from Melissa takes a look at the tools that may be used with the conclusion that in the absence of any quick fixes the most likely a mix of Yield Curve control with a blended yield curve target – importantly no solution looks politically straight forward.
Pollen count in London ‘Very High’ or code red for the rest of the week , and I hope my fellow passengers on the district line could tell that I was indeed one of the many sufferers at the moment and not someone particularly red eyed and teary on my way in today. Piriteze in […]
OK lads – it’s time to step up. The Sunday Times and others reporting yet another critical supply chain issue out there as the backlog of hen do’s leads to a shortage of butlers in the buff. Brides-to-be in the UK need YOU (they’ve already rejected my application suggesting things are desperate but not that […]