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Caspar Rock: Monday markets - the week ahead on 17 June

Market expectations of a rate cut are growing, and this week sees a lot of central bank action with meetings of the Bank of England and the Bank of Japan, and the ECB’s forum gathering at Sintra

16/06/2019
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Authors

Caspar Rock
Chief Investment Officer
  • Over the last month interest rate expectations have moved from a 15% probability of a cut in July to 82% today
  • We think the most likely outcome is no change of rates but more dovish comments from central banks
  • In the UK there will be further rounds of voting in the Conservative Party leadership elections, and by the end of the week we will be down to two candidates. It will still be a month before the final result is known

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Authors

Caspar Rock
Chief Investment Officer

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Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at IFC1, Esplanade, St Helier, Jersey, JE2 3BX, (No.31076).

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