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August 25, 2026 8:36 AM UTC
* Constructing alternative measures of inflation from the perspective of momentum, persistence, and second round expectations is useful when considering the BoE’s reaction function
* The message is partly reassuring but not fully and gives a nuanced picture
* Recent signals give time to wait and see
August 25, 2026 7:12 AM UTC
Brent stays limited by $95 out of latest exchanges; mkt waits on next key events
Speculation on TGA for buyback funding. Ultimately cash flow management for what are twist operations
US2s30s have flattened, but pivotally, and actions have not been making a good impression for the dollar
August 25, 2026 4:50 AM UTC
Reactive policy, Canada, Iran, maybe later US election - chips away at risk sentiment but also dollar confidence
FX volatility likely picking up from the extreme summer lows
CAD reaction so far measured - well within 1.3850-1.39 bounce resistance and supply
US PCE, Nvidia, Warsh remain the week's key e
August 24, 2026 3:27 PM UTC
Reactive policy, Canada, Iran, maybe later US election - chips away at risk sentiment but also dollar confidence
FX volatility likely picking up from the extreme summer lows
CAD reaction so far measured - well within 1.3850-1.39 bounce resistance and supply
US PCE, Nvidia, Warsh remain the week's key e
August 24, 2026 3:23 PM UTC
We expect July new home sales to be little changed at 620k, which would be down 1.3% from June if June is unrevised. This would still sustain step down in trend in 2026 to date, with movements in the preceding two years outside a 650-700k range having tended to be brief.

August 24, 2026 3:11 PM UTC
The immediate economic impact of the collapse of the US-Canada trade talks is likely to be modest, but not insignificant in the case of Canada. Where things move from here is uncertain, with Canadian retaliation due to be implemented on September 8, and risk of further mutual escalations after tha