An upside-down view of currencies and interest rates

It has certainly been a lively time in the markets and in the media over the past few days, and we have received quite a few requests to pen a piece about what has been going on. The reality is that the majority of headline catching accusations of crashing the pound, causing high inflation and driving bond yields are broadly global issues, not simply related to the mini-budget. The Pound's weakness is a reflection of persistent dollar strength against most currencies; inflation in the Eurozone at above 9% is little different to the UK; US yields have risen quickly and sit above 4% alongside the UK.

Download Insight Issue