The Lame Duck and the Unreliable Boyfriend

Two central bank meetings in two days: both considered slam dunks in terms of market pricing. The Fed will do nothing today, aside from confirm the market is right to price ~80% chance of a hike in their next meeting in December; the BOE will hike tomorrow, of which the market is 90% certain. In summary, market aint bovvered.

Janet Yellen is now yesterday's news. She gone, solid gone. Or at least that's the indication from the presenter of the Fed Apprentice President. If the new Fed Chair isn't Jerome Powell, a collective hat will be eaten . . .

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