Luke Springthrope

Luke Springthorpe

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Why Inflation is Falling Despite Quantitative Easing

The trend for UK inflation is, as I have mentioned previously, still on a downward trend (as illustrated below) and is a trend that is shared with the US. How is this possible in the face of £375 billion of Quantitative Easing by the Bank of England? Apr 14, 2014 6:34 AM PT

Fed Winds Down Quantitative Easing While European Inflation Stays Low

Last week saw another European Central Bank interest rate meeting in which the ECB chose to remain active in the face of inflation declining to its lowest level in 5 years. Only five years ago, the Eurozone was in the midst of a crisis over the currency's very existence. Apr 8, 2014 7:08 AM PT

Week Ahead in Finance: Europe Slides into Deflation and Ukraine Burns Through Foreign Currency Reserves

Another week in which European inflation data dominated the headlines, following an unexpected slip by Spain in to deflation (down 0.2 percent), saw pressure mount on the ECB to undertake some kind of intervention- and fast- to avoid the region stumbling in to deflation. For the highly indebted nations, deflation would be an absolute disaster given the extra pressure it would place on their burgeoning debt servicing costs. Apr 1, 2014 2:21 AM PT

Budget Preview: Will Osborne Have the Guts to Cut Inheritance & Capital Gains Taxes?

The budget today is presented against a backdrop where the UK still is among the worst performers in terms of productivity in the G7 along with a terrible trade deficit that remains unchanged from when the coalition took charge. Furthermore, last week’s shocking January balance of trade figures only acted to underline how unbalanced the UK economy remains with imports rising 3.4 percent and exports falling 4 percent. Mar 19, 2014 2:45 AM PT

The Week Ahead in Finance

Another week, and another raft of data that will attempt to give some direction to these otherwise directionless markets. Over in the UK, the FTSE 100 has been 'range bound' (meaning it struggled to get any real momentum behind it). Mar 18, 2014 3:41 AM PT

The Week Ahead for Financial Markets

An interesting week last week saw February non-farm payrolls beat expectations, potentially suggesting that the US recovery is on a firm footing in the medium term. Similar to the UK, however, we saw that the unemployment rate actually went up as the number of people seeking work increased at a faster pace than jobs being taken up. Mar 10, 2014 4:51 AM PT

The Week Ahead in Financial Markets

With much of the news flow likely to be dictated by events as they unfold in the Ukraine, the markets are most likely going to be highly volatile and responsive to every new major development. This has already been evidenced by a 100 point drop in the FTSE 100 this morning at the open. Mar 3, 2014 8:51 AM PT

The Week Ahead in Financial Markets: 24 February 2014

Last week’s economic data confirmed an emerging trend, with inflation in the developed world consistently falling. Meanwhile, US Housing Starts fell off rather sharply. While the powers that be were keen to peddle the idea that it was down to bad weather, it seems much more credible that house builders may well be reacting to an expected rise in the long term interest rates reducing the demand for mortgages. Feb 24, 2014 7:31 AM PT

Did Facebook Pay Too Much for WhatsApp?

At a glance, Facebook’s swoop to purchase WhatsApp for $19 billion appears eye watering, even if much of it is in stock (or funny money). Feb 20, 2014 9:01 AM PT

The Implications of Low Inflation

As had been predicted, UK CPI declined once again (illustrated below)- this time to 1.9 percent which is down from 2.03 percent. Feb 19, 2014 3:49 AM PT

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