Cave’s Quarterly – Q1 2020

To get up to speed with the recent economic and market developments, please take a read of the first Cave’s Quarterly round-up of 2020. CLICK HERE TO READ

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BREXIT; Leave vote update

A sign post with a union jack flag pointing one way and the EU pointing the other

Congratulations to the polling companies on another stunning job well done! As predicted in the run up to the vote, share prices and sterling both began trading sharply lower this morning following the vote to leave the EU. Prime Minister David Cameron is one of the early casualties, confirming his intention to step down in…

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Yen Flies, Dollar Dives

image of japanese notes and US dollar bills

One of the intended consequences of a country adopting a Negative Interest Rate Policy (NIRP) is a sharply lower domestic currency, which usually is considered a positive as it stimulates a region’s growth and inflation expectations. So when, in late January, Bank of Japan (BoJ) Governor Haruhiko Kuroda shocked the markets by introducing negative rates…

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