Carn-he or Carnt-he: A Look at the UK and US Central Banks positioning and potential market effects into year end

He has been called the George Clooney of Central bankers, though we are unsure whether that says more about his peers or him! Mark Carney and the Bank of England are likely to embark on their first rate hike in 7 years next year. This weeks blog looks at expectations in the UK as well as what the Federal Reserve minutes said about their expectations on rates. We conclude that markets have swung from too hawkish to too dovish and the risks are that a December move catches equity investors off guard, dampening the usual Christmas rally. Click here for the full article (VIEW LINK)