UK Wind Power has fallen to 18GW this morning. With 0,1GW of Solar we are burning 16.1GW of Gas as well as exporting 2.5GW. Hydro is 0.5GW. Nuclear is 3.9GW and the awful Biomass 3.2GW The price of wholesale electricity over the past 24 hours was £91 per MWh. #renewables
My thoughts on how will things play out for Japan if Takaichi gets her landslide and implements in full her intended policies?
Are gilt yields now reflecting Starmer keeping his job, just?
why aren't gilt prices rising despite falling interest rates.?
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Bank of England Governor Andrew Bailey wants more interest-rate cuts
Yesterday brought something of a surprise from the Bank of England. At its meeting ending on 4 February 2026, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 3.75%. Four members voted to reduce…
UK Wind Power has fallen to 18GW this morning. With 0,1GW of Solar we are burning 16.1GW of Gas as well as exporting 2.5GW. Hydro is 0.5GW. Nuclear is 3.9GW and the awful Biomass 3.2GW The price of wholesale electricity over the past 24 hours was £91 per MWh. #renewables
With the Bank of England pivoting towards future interest-rate cuts this means that I will be watching the ECB presser expecting hints from the ECB and President Christine Lagarde.
The latest economic news points towards another ECB interest-rate cut
Whilst today is Bank of England day I think that the central banking focus is now on the European Central Bank. One factor in this arrived yesterday. Euro area annual inflation is expected to be 1.7% in January 2026, down from…
Bank of England Governor Andrew Bailey hints at an interest-rate cut next month.
"I expect to see quite a sharp drop in inflation over coming months.........I will go into the coming meetings asking whether a cut is justified."
Bank of England
At its meeting ending on 4 February 2026, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 3.75%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.5%.
Bank of England
At its meeting ending on 4 February 2026, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 3.75%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.5%.
The latest economic news points towards another ECB interest-rate cut
Whilst today is Bank of England day I think that the central banking focus is now on the European Central Bank. One factor in this arrived yesterday. Euro area annual inflation is expected to be 1.7% in January 2026, down from…
UK Wind Power has rallied to 21.4GW this morning. With 0GW of Solar we are burning 10.8GW of Gas as well as importing 0.1GW. Hydro is 0.3GW. Nuclear is 3.8GW and the awful Biomass 3.3GW The price of wholesale electricity over the past 24 hours was £83 per MWh. #renewables
Japan has created economic and financial instability by trying to be a control freak
As we approach the election in Japan we are seeing a lot of instability in financial markets. That will be troubling for a country which has prided itself on controlling them with policies such as yield curve…
UK Wind Power has halved to 9.9GW this morning. With 0.3GW of Solar we are burning 19.2GW of Gas as well as importing 2GW. Hydro is 0.3GW. Nuclear is 3.8GW and the awful Biomass 3.3GW The price of wholesale electricity over the past 24 hours was £93 per MWh. #renewables
Are UK house prices about to rise via renters switching to buying?
There is an interesting claim in today's Financial Times as I note this headline. Demand for UK rental properties drops as buying becomes more affordable. This poses all sorts of questions about the more affordable line. For…
UK Wind Power has rallied to 20GW this morning. With 0GW of Solar we are burning 10.7GW of Gas as well as importing 2.8GW. Hydro is 0.3GW. Nuclear is 4GW and the awful Biomass 3.3GW The price of wholesale electricity over the past 24 hours was £84 per MWh. #renewables
Argentina is seeing a lot of financial engineering but the real hope is coming from farm exports
We can start our analysis with something from earlier today that is both familiar and unfamiliar about Argentina. Argentina bought $808 million in special drawing rights from the US Treasury to…
UK Wind Power has fallen to 7.9GW this morning. With 0.1GW of Solar we are burning 7.3GW of Gas as well as importing 6.8GW. Hydro is 0.3GW. Nuclear is 4GW and the awful Biomass 3.3GW The price of wholesale electricity over the past 24 hours was £93 per MWh. #renewables
UK Wind Power has fallen to 14.2GW this morning. With 0GW of Solar we are burning 5.9GW of Gas as well as importing 4.3GW. Hydro is 0.3GW. Nuclear is 4GW and the awful Biomass 3GW The price of wholesale electricity over the past 24 hours was £95 per MWh. #renewables
There is at times unnecessary scaremongering on here and worse. But it is also true that COMEX and the LBMA will be working long into the night and perhaps all weekend after a day like this. #Silver#Gold
Are Non-Depository Financial Institutions going to be the next derivatives?How accurate an indicator has broad money, M4, been of inflation/growth in 18 months time? Does a rise in the endogenous money supply cause an increase in the nominal size of the economy?
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Bank of England Governor Andrew Bailey faces more inflation problems
This has not been a good week or so for Bank of England Governor Andrew Bailey. He has enforced more interest-rate cuts via some 5-4 votes on the Monetary Policy Committee which last week collided with this. The Consumer Prices…
Bank of England Governor Andrew Bailey faces more inflation problems
This has not been a good week or so for Bank of England Governor Andrew Bailey. He has enforced more interest-rate cuts via some 5-4 votes on the Monetary Policy Committee which last week collided with this. The Consumer Prices…
