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Search resuls for: "Shreyas Gopal"


4 mentions found


☆ Stocks, property, bonds, the pound: Here’s what a new Labour government means for investing in the UK
  + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +7 min
The Labour party's pledge, for example, to increase taxes on the compensation that private equity fund managers received raised a few eyebrows, and led to questions on what this could mean more broadly. In a note Friday, analysts at Jefferies said, despite concerns raised by a strong showing for the right-wing Reform UK Party, the Labour Party's U.K. election win would help make the U.K. appear "relatively stable." "A widely predicted Labour win in the UK could usher in an era of greater stability for the UK … which should help bolster investor sentiment towards the UK," she said. "U.K. bank stocks in the end are one of the biggest proxies for U.K. economic growth," he said. If results are as expected, attention will shift away from the U.K. election quickly, Shreyas Gopal, strategist, and Sanjay Raja, senior economist at Deutsche Bank, said in a note published Wednesday.
Persons: Vuk Valcic, hasn't, Jefferies, James McManus, Susannah Streeter, Hargreaves Lansdown, McManus, Liz Truss, Streeter, Richard Donnell, Nutmeg's McManus, CNBC's Silvia Amaro Friday, Mark Fielding, Fielding, Shreyas Gopal, Sanjay Raja, BoE, Francesco Pesole, Pesole Organizations: City of, Labour Party, Conservatives, U.S ., Labour, CNBC, Stock, Reform UK Party, Hargreaves, Deutsche Bank, ING, Bank of England, ECB Locations: Bishopsgate, City, City of London, London, France
☆ Column: Sterling caught between rate spike and gilt rupture
  + stars: | 2023-05-26 | by ( Mike Dolan | Thomson Reuters | Mike Dolan Is Reuters Editor-At-Large For Finance | ) www.reuters.com   time to read: +6 min
To be sure, the April inflation data hit the UK debt market like a thunderbolt. While the headline consumer price inflation rate dropped to 8.7% from 10.1% in March, as energy prices ebbed, that was still far higher than forecast and core inflation rates hit their highest in 31 years at just under 7%. And a chief concern for many households is ongoing annual food price inflation still near 20%. Sterling and real yield spreadsNew UK gilt shock? Using 5-year real yields from the index-linked bond market, that premium jumped almost 40bp this week to its highest since last October.
☆ Sterling is the best performing G10 currency this year, and strategists remain cautiously optimistic
  + stars: | 2023-04-06 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. Shomos Uddin | Moment | Getty ImagesLONDON — The British pound is the best performing G-10 (Group of Ten) currency of 2023, and some strategists believe the pound's rally can continue over the medium term. The currency has rebounded spectacularly from the record lows seen in September, after former Prime Minister Liz Truss' disastrous "mini-budget." Outlooks from the major economic forecasters have now been upgraded, with the OBR no longer projecting a technical recession — defined as two consecutive quarters of negative growth — in 2023. The market is pricing around a 63% chance of a further quarter-point hike at the Bank's May meeting.
☆ The crisis is over for the British pound, but analysts see further weakness ahead
  + stars: | 2022-11-03 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
DANIEL LEAL-OLIVAS | AFP | Getty ImagesLONDON — The British pound is on firmer footing since the appointment of new Prime Minister Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months. "The U.K.'s external financing needs remain large and, on current market pricing, real yields are still too low compared to other major currencies. As long as the global risk environment remains weak this leaves the pound vulnerable and the likely trend lower," Gopal said. watch now"In all, we remain bearish on the pound and believe GBP weakness will return for the rest of the year," Gopal said. The government has also promised further details on a more targeted version of the Energy Price Guarantee scheme, which will reduce government spending but will further cement the U.K.'s likely recession.
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