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THE POUND surged above $1.39 for the first time in almost three years today, lifted by rising Brexit optimism, broad-based dollar weakness and hopes for the end of a third national lockdown.
THE POUND surged above $1.39 for the first time in almost three years today, lifted by rising Brexit optimism, broad-based dollar weakness and hopes for the end of a third national lockdown.
Investors are pencilling in higher inflation. US inflation expectations, as measured by the ten-year breakeven rate (the gap between the yield on the ten-year Treasury bond and the rate on its inflation-linked counterpart) recently went above 2% for the first time since 2018, says John Detrixhe for Quartz. That’s “not exactly Argentina-style hyperinflation”, but it marks a big increase since last March, when the breakeven rate slumped to 0.5%. An inflationary spring Renewed lockdowns mean that inflation remains subdued for the time being. The annual rate of consumer price inflation...
A huge build-up of household deposits and the overhang of pent-up demand are poised to cause an upsurge of inflation
After a better-than-expected 2020, will the ASX share market see a bubble in 2021? This commentator thinks so, here's why